CosmicTaco

DeepSeek AI Sparks Frenzy in Chinese Stocks

CosmicTaco · 2025-01-29T11:42:44.309161+05:30

- DeepSeek, a Chinese AI company, caused a massive sell-off in U.S. tech stocks, including a 20% drop in Nvidia. - Shares in China surged for companies rumored to be tied with DeepSeek, despite no evidence of actual investments or cooperation. - DeepSeek founder Liang Wenfeng confirmed no VC investments and denied plans to fundraise, relying on quant firm High-Flyer for funding. Source: [TechCrunch](https://techcrunch.com/2025/01/28/deepseek-triggered-a-wild-baseless-rally-for-some-chinese-stocks/)

DeepSeek, a Chinese AI company, caused a massive sell-off in U.S. tech stocks, including a 20% drop in Nvidia.
Shares in China surged for companies rumored to be tied with DeepSeek, despite no evidence of actual investments or cooperation.
DeepSeek founder Liang Wenfeng confirmed no VC investments and denied plans to fundraise, relying on quant firm High-Flyer for funding.

Source: TechCrunch