US stocks plunged on Monday, January 27, as traders fled the tech sector and erased more than USD 1 trillion in market cap amid panic over DeepSeek, a new artificial intelligence app from a Chinese startup. The worst damage was done to the shares of major chip firms. Nvidia plunged almost 17%. The decline erased USD 589 billion from its market value and marked the worst-ever single-day loss of market cap in history. DeepSeek Issues Warning Amid Massive Rise of 'DeepSeek Crypto Coins', Urges People Not To Trust Impersonating Accounts.

US Stocks Wipes Off Over USD 1 Trillion in Market Cap 

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