Posted on 01/27/2025 9:48:41 AM PST by frogjerk
Major US tech stocks like Nvidia, Microsoft, Meta and Tesla were set for a stunning $1 trillion rout on Monday as fears over an advanced Chinese artificial intelligence model triggered hysteria from Wall Street to Silicon Valley.
Shares of Nvidia plunged nearly 13% in early trading, erasing hundreds of billions in value as investors learned about DeepSeek — a China-based startup which has made waves in the industry after launching a free, open-source large-language model in December.
DeepSeek claims to have developed the advanced model in just two months at a cost of under $6 million — and without access to Nvidia’s best computer chips. That’s a stark contrast to the billions of dollars typically spent by Western tech giants on AI research and chips.
(Excerpt) Read more at nypost.com ...
I wonder how much farther we’d be, if that DEI money found its way into research?
I wonder how much Nvidia they sold short before this recent announcement.
DeepSeek turning into a DeepFake?
I’m not at all qualified to spout an opinion on investments, but ... This news from China is, as far as I know, unverified. The warts (there are always warts) are not discussed. If I were moving money in the market, I’d put money on companies like Nvidia. Buy on the dip.
Try it locally. I believe both tools mentioned have Windows equivalents:
Bargain hunters’ delight.
It’s “AI” isn’t it?
“$1 trillion rout”
It might cost $5,000/year to hire a compiler of information in the Third World.
Deepseek has hired 20 million Chinese communists to answer your queries in realtime.
This has got to be the biggest over reaction of all time.
I will be buying NVDIAS at the open tomorrow.
Unknown but the low figure being claimed is incomplete according to some.
you mean more then Y2K?
The CCP would have us believe that they can do something that Musk cannot.
I'm not buying it.
I already bought some and will buy more if it stays down or drops more.
Yeah, but the Large Language Model (LLM) is not the big deal - despite all that “generative intelligence” (robot chat) hype.
The big deal is the very high-speed management of data - that takes an AI pattern recognition system to control the data pumping and parking - the flow.
IMHO
History is accelerating at breakneck speed.
Nvidia makes wonderful chips, but software will triumph.
Your object as a tech investor should be to make your comparatively small investment pot grow much bigger.
Tech investing is always risky as tech changes faster than most other things.
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