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DeepSeek just revealed a huge risk to the stock market

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Carlyle 's head of global research Jason Thomas : Be mindful of the current concentration risk in markets.

Thomas : Nvidia and its five largest customers combine for a whopping 27% of the value of the S&P 500, and an astonishing 12% of global stock market capitalization.

Monday 's decline for Nvidia was larger than the total market cap of the likes of Exxon and Mastercard .