US stocks erased more than $1 trillion in market cap on Monday amid the DeepSeek-fueled sell-off.
The Chinese startup debuted an AI model on par with US rivals and developed at a lower cost.
Tech stocks plunged, with Nvidia losing around $589 billion in market cap.
US stocks plummeted on Monday as traders fled the tech sector and erased more than $1 trillion in market cap amid panic over a new artificial intelligence app from a Chinese startup.
The S&P 500 nearly 1.