Money Makers
275 Money Makers Investment Trusts Podcast - with Ben Rogoff (14 May 2025)
May 14, 2025
In this discussion, Ben Rogoff, the Manager of Polar Capital Technology Trust, dives into the fast-paced advancements in artificial intelligence. He highlights the emergence of DeepSeek and its implications for tech giants like Nvidia. The conversation explores the competitive dynamics between AI technologies, including insights on Chinese firms. Rogoff also addresses the effects of US tariffs on investments and shares strategies for navigating market volatility, emphasizing the transformative potential of agentic AI and the importance of long-term investment.
46:43
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Quick takeaways
- The introduction of DeepSeek's cost-effective AI model sparked significant volatility in the tech sector, notably impacting companies like NVIDIA.
- Market fluctuations reflect the historical cycles of technology, necessitating strategic positioning and reassessment of investments during periods of innovation.
Deep dives
Impact of DeepSeek on Technology Stocks
The announcement by DeepSeek of a cost-effective AI model had a significant impact on the technology sector, temporarily wiping a large amount off the market capitalization of key players like NVIDIA. Investors reacted swiftly, prompting some experts to reassess their positions and take profits. The implications of this event highlight a broader theme in the evolving AI landscape, where rapid innovation and market reactions often lead to volatility. Understanding the real differences between DeepSeek's technology and those of established companies such as OpenAI is crucial as the market continues to evaluate the sustainability of AI investments.
