MRKT Matrix - Monday, January 27th
S&P 500 slides, Nasdaq drops 3% in sharp AI stock sell-off spurred by China's DeepSeek (CNBC)
What Is China’s DeepSeek and Why Is It Freaking Out the AI World? (Bloomberg)
Nvidia’s $560 Billion DeepSeek Rout Is Largest in Market History (Bloomberg)
DeepSeek Won’t Sink U.S. AI Titans (WSJ)
Apple, Meta Are Brigh ... Show More
Jan 2025
The AI Model That Tanked the Stock Market
On Monday, the stock market tanked, seemingly in reaction to the emergence of DeepSeek, an open source AI model developed in China. Nvidia, the semiconductor giant that has been the largest winner of the AI boom, erased $589 billion in market cap, for the biggest one-day wipeout ... Show More
21m 3s
Jan 2025
China's AI challenger sends shockwaves
<p>After US stocks notched their best start to a presidential term since 1985 last week, DeepSeek, China's answer to ChatGPT, is making big waves in the tech sector. The AI startup is gaining significant traction and sending US stock futures sharply lower. Mensur Pocinci, Head of ... Show More
10m 27s
Feb 2025
How DeepSeek changed the market's mind
On Monday, the stock market went into a tizzy over a new AI model from Chinese company DeepSeek. It seemed to be just as powerful as many of its American competitors, but its makers claimed to have made it far more cheaply, using far less computing power than similar AI apps like ... Show More
26m 41s