Dot-Com Level of Tech Dominance on Stark Display After DeepSeek
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The warnings about Big Tech’s market dominance have gone largely unheeded by investors for years. And why not, when the Magnificent Seven rallied virtually nonstop, adding trillions in value.
The words of caution took on a stark new contour Monday. Concern over DeepSeek slammed tech giants, dragging the broader market down — even as the majority of the S&P 500 advanced. A similar phenomenon took hold on Tuesday, with the giants’ bounce pulling the index higher while most stocks fell.