Today marks the day of intense volatility, with all major and minor stocks experiencing significant drops, resulting in the US Stock market crash. Although many industry analysts and giants have predicted this, the impact is far bigger than most expectations, wiping out billions within a few hours. However, no macroeconomic or political event is driving this drop. Instead, a newly launched China’s AI bot, DeepSeek, has crashed the global market, which includes crypto. Let’s discuss.
Why US Stock Market is Crashing?
The biggest reason behind the US Stock market crash is a Chinese AI startup, DeepSeek, which has shaken the entire Artificial Intelligence and financial markets. Until now, the biggest contributors to the AI industry were OpenAI, Apple, Microsoft, and other US giants. However, the introduction and success of Chinese AI has created a wave. Its low budget, high functionality, and other features made US investors question the ever-growing AI bubble, leading to a sell-off.
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