According to a report by Bloomberg on January 27th, Chinese AI startup DeepSeek released a competitive AI model, causing concerns in the market about its threat to the US technology leadership position, and leading to a significant drop in Japanese chip stocks. Nvidia supplier Advantest fell 8.2%, Disco Corp fell 2.9%, SoftBank Group fell 5.4%, and data center cable manufacturers Furukawa Electric and Fujikura Ltd both fell over 8%. Market insiders pointed out that the huge investment returns of large technology companies in the AI field are in doubt, and DeepSeek may be a key factor in triggering a technology stock correction.
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Japanese chip stocks fell collectively due to DeepSeek impact
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