U.S. restriction on China's DeepSeek access to American technology sparks sell?off in Nvidia, AMD, and Palantir ...

Even the Nasdaq couldn’t dodge it. The index dropped over 3%—wiping out nearly $1 trillion in value. As The Guardian put it, DeepSeek’s rapid rise has become a “Sputnik moment” for the AI arms race.

The Nasdaq 100 Index remains under pressure after forming a death cross pattern a few weeks ago. What next for the index?

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