** AI-focused stocks in Australia dropped to multi-week lows after Chinese startup DeepSeek's low-cost AI model sent tech stocks on Wall Street tumbling
** Nasdaq .IXIC fell 3% overnight to log its biggest one-day percentage drop since Dec 18 .N
** Goodman Group GMG.AX, Australia's biggest-listed property developer with a significant exposure to data centres, falls 8.1% to its lowest since mid-September last year
** GMG is the fourth-biggest loser in the ASX200 benchmark index .AXJO
** Brainchip BRN.AX, which makes neuromorphic processors, slipped 15.4%, while data processing firm Appen APX.AX was down 3.7%
** Data centre developers and operators NEXTDC NXT.AX and DigiCo Infra REIT DGT.AX fall around 6% and 11%, respectively
** Citi analyst Siraj Ahmed does not expect DeepSake to impact near-term contracts/demand for NXT, and predicts hyperscalers to continue to deploy capacity
** Tech sub-index .AXIJ is down 1%, vs a largely flat AXJO
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.