Macro Finance
US Stocks Plunge as Concerns of ‘DeepSeek 2.0’ Hit Chipmakers
Bloomberg Markets·July 17, 2026·1 min read
US stocks plunged on Friday as the selloff in semiconductor names intensified following the reveal of an artificial-intelligence model from a Chinese startup. The decline was driven by concerns over a 'DeepSeek 2.0' scenario, which hit chipmakers hard. The market reacted sharply to the new AI model's implications.
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