The Daily Editor

NEW YORK —  Wall Street is tumbling Monday on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that can do similar things for much cheaper.

The Standard & Poor’s 500 was down 1.9% in early trading. Big Tech stocks that have been the market’s biggest stars took the heaviest losses,

 » Read more about: Wall Street sinks as investors weigh China challenge to US dominance in AI.  »

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Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development.

The Nasdaq Composite, which tracks the country’s largest tech firms, plunged 3.4% at the opening bell. The Dow fell 180 points and the S&P 500 tumbled nearly 2%.

 » Read more about: Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race  »

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