Wall Street -Indexes dropped no less than four percent on the market on Monday after a Chinese startup startup of artificial intelligence was activated.
Investors dumped around $ 1 trillion in technological shares in premarket trade and sent the S&P 500 2.3 percent lower before the bell.
The technically heavy Nasdaq has been hit harder and tumbles 3.9 percent before the markets open at 9:30 am.
Chinese artificial intelligence startup Deepseek demonstrated a chatbot that says that the top versions of OpenAi and Rivals Google For a fraction of the costs.
Chip maker Nvidia, who has benefited from the AI ​​rifle for the past eighteen months, fell around 12 percent in early trade.
Another American chip maker Broadcom also lost around 12 percent, while software giant Oracle lost 8 percent.
Microsoft fell more than 6 percent and Amazon fell by 4.5 percent.
Google -mother company Alphabet and Facebook -parent meta each lost around 3.5 percent.
The Nasdaq tumbled almost 4 percent on Monday
The advances of Deepseek have evoked doubts about whether the US will retain its lead in the worldwide race of the advancing AI technology.
