Selling pressure on shares of global chip companies after “DeepSeek”

It was announced that the DeepSeek-R1 model of the company, supported by the High-Flyer Capital Management fund in China, was developed using 2 thousand Nvidia chips and at a cost of approximately 5.6 million dollars.

The artificial intelligence model, which was developed in a shorter time, at lower cost and with a smaller number of chips than its competitors such as Google and OpenAI, began to be used intensively around the world in a short time. The model became the most downloaded artificial intelligence application in application stores, surpassing the US-based ChatGPT.

The DeepSeek wave led to selling pressure on shares of chip companies in global markets.

Shares of Netherlands-based chip machines manufacturer ASML fell 8 percent.

In pre-market transactions, losses in the shares of US chip companies Nvidia and Broadcom reached 7 percent, while the decline in AMD’s shares approached 4 percent.

The loss of value in shares was 3.4 percent in Intel, 1.3 percent in Qualcomm and 2.4 percent in Arm.

Shares of technology companies Microsoft fell by 3.3 percent, Amazon by 0.24 percent and Meta by 3.47 percent.