Bloomberg Daybreak: Asia Edition

Bonus Episode: What Is DeepSeek and Why Is It Sinking Stocks?

Jan 27, 2025
The rise of DeepSeek, a Chinese AI startup, is shaking up technology stocks, challenging the dominance of U.S. firms. Its low-cost AI model runs on less advanced chips, raising doubts about high valuations in the tech sector. Investors are increasingly anxious about the potential disruption this innovation may cause. As earnings for major tech players slow, the landscape is shifting dramatically, particularly for companies like Nvidia that rely heavily on hyperscalers. This development highlights growing competition and evolving market dynamics.
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