AI technology has been a game-changer for US equities over the past two years. The Nasdaq 100 Index surged by 92%, adding $14 trillion in value and rewarding tech leaders with billions. Meanwhile, President Trump bolstered the U.S.’s AI leadership through significant investments, propelling the S&P 500 to new highs. However, Chinese tech firms are now denting this momentum, causing the Nasdaq 100 to drop by nearly 3% on Friday. Despite this setback, the Dow Jones Industrial Average has shown resilience, climbing for another day of gains, signaling a mixed market as AI’s impact fluctuates.
Source: https://www.bloomberg.com/news/articles/2025-01-27/nasdaq-futures-slump-as-china-s-deepseek-sparks-us-tech-concern