There is the possibility that High Flyer, the Chinese hedge fund that owns Deep Seek, shorted the US market and Nvidia before it released its “breakthrough” AI system. Indeed, an impressive $6 million investment cost is a minor investment to disrupt the speculative market. No one can immediately disprove the algorithm so the tech market crashes. Billions made on the short.
Feom a person I know.
Imagine how much a mere $6 million in NVDA put options bought at Friday's close would have been worth at 3:59 yesterday.