Leaders at Microsoft and Meta told investors that China’s DeepSeek doesn’t harm their businesses and that they will still spend billions on AI data centers.

U.S. stocks mostly sold off Monday, amid fears China’s AI company DeepSeek could disrupt profits for Big Tech stocks.

Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.

Key Takeaways The stocks of software companies such as Salesforce have soared this week on hopes that Chinese start-up DeepSeek's cost-efficient AI model could make AI applications significantly less expensive to develop and run.

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U.S. technology shares dropped sharply on Monday as surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model raised doubts about the sector's lofty valuations. The tumble in global equities prompted a widespread flight to safety,