Stocks were down sharply Monday on concern about an artificial intelligence stock bubble popping because of the emergence of Chinese startup DeepSeek.

Chinese artificial intelligence startup DeepSeek rattled the U.S. technology sector after the company recently unveiled an AI model that is competitive with leading U.S. models b

Earlier this week, many technology stocks sold off sharply on news of DeepSeek R1, the groundbreaking, low-cost AI model from China that materially lowered the cost of deploying AI. Amazon (NASDAQ: AMZN) founder Jeff Bezos once said,

Alibaba’s (BABA) P/B (Most Recent Quarter or MRQ) is 1.45X versus the underlying Internet - Commerce industry’s P/B of 1.81X. Price/Cash Flow (Most Recent Fiscal Year or MRFY) is 8.51X versus the industry measure of 16.69X.

Singapore-based Sea Limited (SE) has emerged as one of Southeast Asia’s most closely followed tech companies, often compared to industry giants like Amazon (AMZN), Alibaba (BABA), and Tencent (TCEHY) due to its diversified business model.

So much for the quiet pre-holiday trading session as Asian equities were mixed though Australia was closed for Australia Day, Indonesia was closed for Al Isra’ wal-Mi’raj, South Korea was closed for the Korean New Year,

The S&P 500 dropped 1.5 percent, dragged down in large part by a 16.9 percent fall for Nvidia. Other Big Tech stocks also took heavy losses.

The Vanguard Total International Stock ETF (VXUS) provides low-cost exposure to thousands of global equities in a single ticker.

The tech-heavy Nasdaq 100 is the best performer but more risk-averse investors may prefer the more broadly diversified S&P 500.

The Nasdaq & S&P 500 fell after Chinese startup DeepSeek shows AI can be built cheaply, sparking fears AI spending will stall. The blue-chip Dow rose.

Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 22.3 compared to the S&P 500 average of 29.3 The company has a Price to Book (P/B) ratio of 0.28 in contrast to the S&P 500's average ratio of 4.74

This week takes us into the heart of the Q4 earnings season, with more than 300 companies reporting results, including four Magnificent 7 members and 96 other S&P 500 members. We have Tesla TSLA, Microsoft MSFT,