Bloomberg Surveillance Bloomberg Surveillance TV: January 27, 2025
Jan 27, 2025
Angelo Zino, Senior Equity Analyst at CFRA Research, shares his expertise on the unfolding dynamics of the tech market. He highlights the impact of China's DeepSeek AI model on U.S. valuations and discusses the urgent need for investors to reassess strategies amidst market volatility. The conversation delves into the competitive landscape between the U.S. and China in tech, the importance of transparent communication from firms like Meta, and the potential growth sectors for AI, such as healthcare and agriculture.
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Market Shakeout and US Dominance
- The cheaper AI model from DeepSeek threatens the strong growth expectations for the U.S. stock market in 2025.
- It also questions the extent of U.S. dominance in the tech race with China.
Investment Strategy After Market Disruption
- Avoid picking up tech stocks immediately after the market shakeout.
- Consider investing in other sectors like industrials and financials while the tech sector stabilizes.
Shifting Energy Landscape
- The expectation of increased energy demand due to AI has shifted.
- Focus on midstream and transportation components of energy companies rather than upstream or utilities.