Why DeepSeek is hitting tech stocks hard, including Nvidias

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, DeepSeek R1. It's just as smart or even more capable than competing models, including OpenAI's top model, while charging a lot less for AI access. It's free to use as a web or smartphone app, and it's available as open-source, meaning you can use it locally and fine-tune it as you wish, with