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.
