Why Deep Seek send shockwaves across Global Markets
Deep Seek shock
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by: Andrew Zabb
PUBLISHED Sat, Feb 3 2025 11:13 AM EST
The surprising launch of DeepSeek shocked investors, triggers a historic market drop, and raises concerns in DC.
The investors are alarmed on Wall Street, the low cost app and its rising popularity caused major impact on technology stocks like Nvidia, Broadcom, other semiconductor stocks and even independent energy producers.
It was the the largest day drop in the history of stock markets on wall street, over $500 billions were suppressed.DeepSeek was created and developed in period of few months with 5 million investment,
while it took Open AI Billions of dollars to make its flag product ChatGPT.
Microsoft investment has been the biggest investor in OpenAI which now valued at $ 150 Billions.
What happened should be a clear message to investors about risks of investing in over evaluated trends.
Disclaimer: this article does not constitute a financial advice. It's only for information purpose.
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