DeepSeek’s latest AI model continues to dominate the App Store rankings, but its rapid rise is shaking up global financial markets. DeepSeek AI Shake Triggers Market Selloff, Nasdaq and Crypto Stocks Fall The launch of DeepSeek's latest AI version has sparked a huge backlash on Wall Street, sending the Nasdaq index down 3% and NVIDIA down 17% in a single day, according to QCP's daily market tracking. The AI boom in 2024 has pushed the Nasdaq’s valuation to unsustainable levels, with the tech-heavy index trading at a price-to-earnings (P/E) ratio of around 27. However, in 2025, markets now face new challenges, including: Uncertainty over the Federal Reserve's rate hike path Possible policy changes under Trump Upcoming tech earnings reports could put additional pressure on risk assets Crypto Stocks Follow Downtrend The sell-off wasn't limited to traditional tech stocks; crypto-related stocks also took a hit. Core Scientific (CORZ) fell 29%, while mining companies like Hut 8, Riot Platforms, and Cipher Mining also suffered significant losses. Many of these firms are increasingly moving into AI, converting mining farms into high-performance computing data centers. Despite the market turmoil, Bitcoin (BTC) found support above $102,000 as bullish options outpaced bearish bets. Investors are closely watching to see if BTC’s correlation with stocks weakens this week, especially if positive regulatory developments provide a potential boost for crypto markets. *This is not investment advice. Continue Reading: DeepSeek Report from Investment Firm QCP Capital: 'Crypto and Mining Companies Also Suffered Losses! Here Are Those Companies