DeepSeek's Surge Alarms Investors, Posing a Threat to AI

DeepSeek has announced a restriction on user registrations due to extensive malicious cyberattacks on its services, causing disruption in the market. The decline in Nvidia’s market value by $600 billion followed reports of DeepSeek's AI model's superior performance over U.S. models, triggering a widespread tech selloff. Broadcom shares plummeted by 17.4%, and the Nasdaq index experienced a more than 3% drop in response to concerns over AI infrastructure spending. Wedbush analyst Dan Ives characterized the selloff as an excellent buying opportunity, emphasizing that no U.S. Global 2000 company would opt for DeepSeek for their AI infrastructure needs.