The sharp selloff in tech stocks, including Nvidia (NVDA), Monday signals speculative capital rapidly retreating from high-growth tech plays and risky assets across the board.
The trigger? Last week’s launch of DeepSeek, a new AI assistant developed by a Chinese startup, has soared to the top of app store download charts. Analysts are buzzing over its performance, noting it rivals ChatGPT while operating on less-advanced hardware.
Watch this video where I touch on this subject and other hot topics in the market.
This post appeared first on Technical Traders Ltd.