Crypto mining stocks drop as major tech stocks rebound after China's DeepSeek AI model triggers concerns
Crypto mining stocks have experienced a second consecutive day of decline, while major tech stocks have rebounded following concerns over the overvaluation of China's AI scene triggered by an AI model from DeepSeek. Riot Platforms, Cleanspark, and MARA Holdings all saw drops in their stock prices. Meanwhile, chipmaker Nvidia saw the biggest rebound among top US tech stocks, with its stock price surging over 8.8% after a 17% drop the previous day. The decline in crypto mining stocks comes as many miners switch their computing power to run and train AI models.
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