HONG KONG — U.S. markets dropped on Monday morning, lead by plunging shares in semiconductor companies after China’s DeepSeek shook confidence in the U.S. ability to lead the ongoing artificial intelligence boom.
Shares in Nvidia were down nearly 13% while TSMC saw its stock fall more than 11%. The sell-off put the technology-heavy Nasdaq down 2.5% while the S&P 500 slipped 1.8% and the Dow 30 declined less than 1%.
