The S&P 500 E-mini futures, along with Nasdaq and Dow Jones, are experiencing significant declines as China's DeepSeek AI product overtakes ChatGPT in the App Store rankings. This shift may indicate a changing market trend, prompting investors to seek safe-haven assets. With DeepSeek utilizing less advanced technology but emerging at a low cost, there are concerns about the impact on American AI companies, signaling potential challenges in US-China trade relations and a broader decline in the stock market.
S&P 500 E-mini futures are down nearly 2% in early morning trading today, erasing last week's gains.
The sharp declines come as China's DeepSeek AI product has overtaken its American competitor ChatGPT in the Apple App Store rankings in the US.
Collection
[
|
...
]