NVIDIA’s $600B Loss Linked to DeepSeek AI, Not MAGA Policies
According to U.S. Treasury Secretary Scott Bessent, the stock market decline is more related to China’s AI tool, DeepSeek, than to President Donald Trump’s policies. Bessent dismissed concerns over the ongoing market sell-off, stating that the current market drop began with the announcement of China’s DeepSeek AI. He told conservative commentator Tucker Carlson: “If I ...