Bloomberg Intelligence Global Tech Selloff, DeepSeek Buzz
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Jan 27, 2025 Gene Munster, Managing Partner at Deepwater Asset Management with over 25 years in tech, and Josh Pantony, CEO of Boosted.ai, dive into the implications of a recent model from Chinese AI startup DeepSeek. They discuss the potential impact on industry giants like Nvidia and the challenges investors face in this fluctuating market. The conversation highlights the intersection of AI and investment strategies, exploring how machine learning can enhance portfolio management amidst ongoing geopolitical and technological uncertainties.
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Market Nerves and DeepSeek's Impact
- Investors are nervous about the NASDAQ's substantial gain impacting AI valuations.
- DeepSeek's advancements in lowering training costs raise questions about hardware needs and adoption rates.
Nvidia's Overreaction
- Nvidia's stock drop is an overreaction, given their competence and the potential for increased hardware demand.
- Lower training costs could accelerate an "arms race" in AI development, benefiting Nvidia.
Meta's Investment Strategy
- Meta's increased CapEx forecast likely factored in DeepSeek's potential breakthroughs, despite coincidental timing.
- The AI investment phase remains strong despite uncertainty around DeepSeek's true impact.