Deepseek ai stocks: The tremors weren't just limited to

The tremors weren't just limited to Wall Street; AI stocks worldwide felt the impact, all thanks to a Chinese startup called DeepSeek and the buzz around its AI models, DeepSeek-R1 and DeepSeek-V3. DeepSeek has emerged as a major player in the artificial intelligence landscape, challenging established tech giants with its innovative AI models. The DeepSeek is a Chinese artificial intelligence company based in Hangzhou, Zhejiang Province. Founded in 2023 by Liang Wenfeng, co-founder of the Chinese hedge fund High-Flyer, DeepSeek is solely funded by High-Flyer and focuses on developing open-source large language models (LLMs). China’s DeepSeek, an emerging AI startup, has caught the attention of investors and analysts with its recent advancements, causing a noticeable drop in the stock market. On Monday, the Nasdaq fell 3.1 per cent, with Nvidia stock dropping 17 per cent — the largest decline of the day.