Alas Poor Erinaceus@lemmy.ml to Technology@lemmy.mlEnglish · 1 month ago‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbotwww.theguardian.comexternal-linkmessage-square97fedilinkarrow-up1421arrow-down111cross-posted to: technology@beehaw.org
arrow-up1410arrow-down1external-link‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbotwww.theguardian.comAlas Poor Erinaceus@lemmy.ml to Technology@lemmy.mlEnglish · 1 month agomessage-square97fedilinkcross-posted to: technology@beehaw.org
minus-squarePhen@lemmy.eco.brlinkfedilinkarrow-up27arrow-down3·1 month ago“wiped”? There was money and it ceased to exist?
minus-squareprotist@mander.xyzlinkfedilinkEnglisharrow-up24·edit-21 month agoThe money went back into the hands of all the people and money managers who sold their stocks today. Edit: I expected a bloodbath in the markets with the rhetoric in this article, but the NASDAQ only lost 3% and the DJIA was positive today… Nvidia was significantly over-valued and was due for this. I think most people who are paying attention knew that
minus-squareshootwhatsmyname@lemm.eelinkfedilinkEnglisharrow-up9arrow-down2·1 month agoThere’s been a lot of disproportionate hype around deepseek lately
minus-squareHexadecimalkink@lemmy.mllinkfedilinkarrow-up2·1 month agoTrump counterbalance keeping it in check but my gut is saying once tariffs come in February there’s going to be a market correction. Pure speculation on my part.
minus-squaresomeacnt@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 month agoTo be fair, NQ futures momentarily dropped 5% before recovering some. A few days from now on would be interesting.
“wiped”? There was money and it ceased to exist?
The money went back into the hands of all the people and money managers who sold their stocks today.
Edit: I expected a bloodbath in the markets with the rhetoric in this article, but the NASDAQ only lost 3% and the DJIA was positive today…
Nvidia was significantly over-valued and was due for this. I think most people who are paying attention knew that
There’s been a lot of disproportionate hype around deepseek lately
Trump counterbalance keeping it in check but my gut is saying once tariffs come in February there’s going to be a market correction. Pure speculation on my part.
To be fair, NQ futures momentarily dropped 5% before recovering some. A few days from now on would be interesting.
It’s pixie dust
“off US stocks”