[Chinese Computer Chip Maker] “DeepSeek’s ‘Sputnik moment’ sparks rout in AI-linked stocks”
January 27, 2025
“…Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on dominance of U.S. companies in this sector.
Startup DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of incumbent players’ models, possibly marking a turning point in the level of investment needed for AI…
“We still don’t know the details and nothing has been 100% confirmed in regards to the claims, but if there truly has been a breakthrough in the cost to train models from $100 million+ to this alleged $6 million number this is actually very positive for productivity and AI end users …
H800 chips are not top of the line. Initially developed as a reduced-capability product to get around curbs on sales to China...”
[Hyperlink] “DeepSeek’s ‘Sputnik moment’ sparks rout in AI-linked stocks
Listen I don’t believe the headlines when they say this stock is crashing the others. In reality Stocks like Nividia are overvalued. Also I’ve already made some bold predictions. 1. Infighting between Trump and the Deep State will crash the market. 2. GME & AMC are most likely going to Bankrupt Citidel. This will spell huge problems for Bank Of America.
This could cause a domino effect in stocks. The Magnificent 7 are overvalued. Be careful if you own these stocks. When the markets tank they will be hit the hardest.