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DeepSeek means deep trouble for US tech

Ed Monk

Ed Monk - Fidelity International

This week, how has the emergence of a single Chinese app managed to wipe billions off the value of the biggest companies in the US stock market?

That’s what happened over the past 24 hours following the emergence of the AI app DeepSeek. Is the disruption it threatens real, and what happens next in a US market so reliant on the promise of profits from AI offered by its leading names?

Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Overseas investments will be affected by movements in currency exchange rates. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.


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