Tech-heavy NASDAQ futures, European tech shares, and most Asian markets (excluding China) saw sharp declines on Monday. Nvidia shares fell over 12%, along with other US tech stocks like ASML Holding NV,

Tech stocks, including Nvidia and Microsoft, drop as China's DeepSeek AI disrupts the market, raising concerns over U.S. dominance in the AI sector.

Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks dropped 6.5%.

Big technology stocks including Nvidia, Microsoft, Meta and Tesla tumbled in premarket trading on concerns that a Chinese artificial intelligence startup could threaten America’s dominance in AI. Shares of Nvidia plunged nearly 12% on news reports about the capabilities of DeepSeek — a China-based startup which has made waves in the industry after launching a free,

Technology stocks plummeted as the launch of DeepSeek's low-cost AI model cast doubts on the dominance of U.S. companies. The emergence of this Chinese startup's breakthrough raises questions on heavy spending by major tech firms and impacts stock valuations globally.

Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.