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The Nasdaq 100 is going to plunge Monday as the dominance of US Big Tech is under threat following a game-changing breakthrough by Chinese AI startup DeepSeek.
This is the prediction from Nigel Green, CEO of global financial advisory giant deVere Group as DeepSeek's latest AI model is launched and reported to be more cost-effective while running on less-advanced chips than the likes of ChatGPT.
He says: "Deepseek is going to challenge Silicon Valley's leadership, disrupting the global tech landscape and reshaping the direction of the AI arms race.
"The launch of this innovation underscores a historic pivot in the balance of technological power.
US Big Tech, long considered untouchable, is facing credible and intensifying competition from China.
"For investors, this is both a warning and an opportunity-it's time to rethink traditional tech allocations and seek out new areas of growth."
DeepSeek's rapid ascent, with its groundbreaking AI models now dominating Apple's iPhone download charts, highlights not only innovation but also the growing vulnerabilities in digital ecosystems.
As AI becomes more sophisticated, so do the potential risks, making cybersecurity a vital component of the technological future.
"Cybersecurity stocks are positioned to benefit from this development," says Nigel Green.
"The rise of AI amplifies the need to protect sensitive data and critical infrastr...................... To view our full article Click here
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