After Monday’s fears over artificial-intelligence microchips fueled by the rise of low-cost Chinese AI chatbot DeepSeek, the Dutch company’s results due Wednesday morning may have even more sway.

Nasdaq 100 drops 3% as AI disruption raises fears of overvaluation. Traders reassess portfolios, seeking opportunities beyond megacap tech stocks.

How bad is the pain among technology shares Monday? Well, the futures tied to the tech-heavy Nasdaq 100 were down 4.5% before the market opened. The last time the index fell more than 4% in a day was way back on Sept.

The latest AI model of DeepSeek, released last week, is widely seen as competitive with those of OpenAI and Meta Platforms Inc. The open-sourced product was founded by quant fund chief Liang Wenfeng and is now at the top of Apple Inc.’s App Store rankings.

Global equities retreated as Chinese artificial intelligence startup DeepSeek threatened to disrupt US firms’ artificial intelligence dominance.

Nasdaq 100: Netflix Adds $40B to Market Cap With Strong ... persistent downward pressure with little sign of reversal. ASML’s Slump: Is Recovery Out of Reach? Daily ASML Holding N.V. ASML ...

Nvidia Corp. and ASML Holding NV shares plunged early Monday as Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots at a fraction of the price.

Nvidia shares fell about 9% in premarket trading, while ASML’s shares dropped as much as 11% to €626.20 apiece in Amsterdam trading, the biggest intraday drop since Oct. 15. The technology heavy Nasdaq 100 futures index also slumped.

ASML Holding NV shares tanked along with global technology stocks on Monday as Chinese artificial intelligence startup DeepSeek sparked fear over Western technological dominance.

The Chinese start-up disrupted the AI landscape, showing that cost-effective AI models can rival larger systems, raising questions about big investments.

Nvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company. Most Read from BloombergWhat Happened to Hanging Out on the Street?

DeepSeek topped the Apple AppStore chart and sparked fears the Chinese company is quickly catching up with OpenAI's ChatGPT while costing far less.