Shares of semiconductor makers were dropping early Monday as a Chinese AI model triggered questions over their lofty valuations.

China's DeepSeek startup roiled artificial intelligence-driven stocks on Monday as Wall Street mulled huge investments by technology industry giants in AI infrastructure as well as demand for Nvidia chips.

It feels like this day was always going to come — when all the artificial-intelligence names collapse — but one might have imagined it would come from, say, a profit warning from Nvidia. Instead, it comes from what appears to be an Nvidia consumer, Chinese AI service provider DeepSeek.

Today could be a very red day in the stock market, and DeepSeek might be to blame. China's AI startup DeepSeek has captured the attention of enthusiasts ever since its launched its latest reasoning AI model,

Nvidia Corp (NASDAQ: NVDA) is taking a material hit this morning as investors respond to the launch of a Chinese startup’s highly efficient and cost-effective AI model. DeepSeek claims to have spent less than $6.