NVDA stock, NQ futures have both slipped on a steaming pile of DeepSeek

Chinese AI DeepSeek developments that weigh on the NVDA share price, and in turn NQ futures

• the project took only US$6 million to train
• its open source
• it performs on par with leading AI models

• shows the firm can navigate U.S. semiconductor restrictions on China

This has combined with the Colombia tariff story (nascent trade war) to hit Globex equity futures trade:

Earlier re Colombia:

• Trump slams Colombia with tariffs after it turns back migrant deportation planes

• Colombian president orders increase of import tariffs on US goods

• USD up, equity indexes down as Trump kicks off trade war with tariffs

• Trump is making an example of Colombia - unnamed White House source