A wild selloff rattled tech shares on Monday, putting on the coronary heart of AI optimism as China’s DeepSeek startup unveiled an open-source giant language mannequin platform that outperforms OpenAI’s ChatGPT at a fraction of the associated fee.
The shockwave hit U.S. markets laborious, elevating fears over intensifying AI competitors simply as corporations pour heavy investments into the brand new know-how.
The elite Magnificent Seven shares collectively shed about $600 billion in market worth, with Nvidia Corp. NVDA alone erasing $450 billion, or 15% of its valuation. The AI powerhouse is on observe for its worst single-day loss since March 18, 2020.
The Nasdaq 100 tumbled 3%, eyeing its steepest drop since Dec. 18, when hawkish feedback from Fed Chair Jerome Powell rattled markets. The iShares Semiconductor ETF SOXX plunged over 7%, additionally eyeing its worst session because the pandemic-driven selloff of March 2020.
Chipmakers took a beating, with Broadcom Inc. AVGO and Marvell Expertise Inc. MRVL each crashing 17.5%, whereas Micron Expertise Inc. MU sank 11%.
As panic unfold, buyers sought refuge in safe-haven Treasury belongings. Treasury yields slid, with the 10-year yield falling 7 foundation factors to a one-month low. The U.S. 10-Yr Treasury Observe ETF UTEN rose 0.7%.
The tech turmoil even bled into crypto markets, dragging Bitcoin BTC/USD again beneath $99,000. The world’s largest cryptocurrency misplaced $110 billion in market cap inside hours as risk-off sentiment took maintain.
Monday’s Efficiency In Main US Indices, ETFs
| Main Indices | Worth | 1-day %chg |
| Dow Jones | 44,523.61 | 0.2% |
| Russell 2000 | 2,284.39 | -1.0% |
| S&P 500 | 5,994.21 | -1.8% |
| Nasdaq 100 | 21,059.65 | -3.3% |
In keeping with Benzinga Professional information:
- The SPDR S&P 500 ETF Belief SPY fell 1.9% to $596.73.
- The SPDR Dow Jones Industrial Common DIA inched 0.2% greater to $445.05.
- The tech-heavy Invesco QQQ Belief Collection QQQ dropped 3.4% to $511.88.
- The iShares Russell 2000 ETF IWM fell 1% to $226.47.
- The Client Discretionary Choose Sector SPDR Fund XLP outperformed, up 2.2%; the Expertise Choose Sector SPDR Fund XLE tumbled, down 5.3%.
Monday’s Inventory Movers
- AT&T Inc. T soared 6.5% in response to stronger-than-expected earnings.
- SoFi Applied sciences Inc. SOFI plummeted 12% as a downbeat steerage darkened better-than-expected quarterly outcomes.
- Crypto-related shares reminiscent of MicroStrategy Inc. MSTR and Coinbase International Inc. COIN fell by 7.8% and 9.6%, respectively.
- Apple Inc. AAPL rallied 3%, defying the broader tech selloff.
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Photograph: Shutterstock
Market Information and Knowledge dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
A wild selloff rattled tech shares on Monday, putting on the coronary heart of AI optimism as China’s DeepSeek startup unveiled an open-source giant language mannequin platform that outperforms OpenAI’s ChatGPT at a fraction of the associated fee.
The shockwave hit U.S. markets laborious, elevating fears over intensifying AI competitors simply as corporations pour heavy investments into the brand new know-how.
The elite Magnificent Seven shares collectively shed about $600 billion in market worth, with Nvidia Corp. NVDA alone erasing $450 billion, or 15% of its valuation. The AI powerhouse is on observe for its worst single-day loss since March 18, 2020.
The Nasdaq 100 tumbled 3%, eyeing its steepest drop since Dec. 18, when hawkish feedback from Fed Chair Jerome Powell rattled markets. The iShares Semiconductor ETF SOXX plunged over 7%, additionally eyeing its worst session because the pandemic-driven selloff of March 2020.
Chipmakers took a beating, with Broadcom Inc. AVGO and Marvell Expertise Inc. MRVL each crashing 17.5%, whereas Micron Expertise Inc. MU sank 11%.
As panic unfold, buyers sought refuge in safe-haven Treasury belongings. Treasury yields slid, with the 10-year yield falling 7 foundation factors to a one-month low. The U.S. 10-Yr Treasury Observe ETF UTEN rose 0.7%.
The tech turmoil even bled into crypto markets, dragging Bitcoin BTC/USD again beneath $99,000. The world’s largest cryptocurrency misplaced $110 billion in market cap inside hours as risk-off sentiment took maintain.
Monday’s Efficiency In Main US Indices, ETFs
| Main Indices | Worth | 1-day %chg |
| Dow Jones | 44,523.61 | 0.2% |
| Russell 2000 | 2,284.39 | -1.0% |
| S&P 500 | 5,994.21 | -1.8% |
| Nasdaq 100 | 21,059.65 | -3.3% |
In keeping with Benzinga Professional information:
- The SPDR S&P 500 ETF Belief SPY fell 1.9% to $596.73.
- The SPDR Dow Jones Industrial Common DIA inched 0.2% greater to $445.05.
- The tech-heavy Invesco QQQ Belief Collection QQQ dropped 3.4% to $511.88.
- The iShares Russell 2000 ETF IWM fell 1% to $226.47.
- The Client Discretionary Choose Sector SPDR Fund XLP outperformed, up 2.2%; the Expertise Choose Sector SPDR Fund XLE tumbled, down 5.3%.
Monday’s Inventory Movers
- AT&T Inc. T soared 6.5% in response to stronger-than-expected earnings.
- SoFi Applied sciences Inc. SOFI plummeted 12% as a downbeat steerage darkened better-than-expected quarterly outcomes.
- Crypto-related shares reminiscent of MicroStrategy Inc. MSTR and Coinbase International Inc. COIN fell by 7.8% and 9.6%, respectively.
- Apple Inc. AAPL rallied 3%, defying the broader tech selloff.
Learn now:
Photograph: Shutterstock
Market Information and Knowledge dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
