Ouch… That is perhaps, in a word, the best way to describe the recent price action in AI stocks. And it was all spurred on by the launch of DeepSeek, China’s own powerful AI model.
According to Ben Reitzes, head of technology research at Melius, DeepSeek achieves better learning and more efficient use of memory, as noted by CBS News. But perhaps the real kicker? It’s also vastly cheaper than ChatGPT. This revelation incited fears on Wall Street that companies won’t need to spend as much money to develop next-gen AI as previously thought.
But what if I told you that this whole DeepSeek-inspired selloff is actually a fantastic buying opportunity?
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