According to stock investors, although there is an artificial intelligence -driven rally in US stocks, the “morning call” from the Chinese startup DeepSeek has the potential to sort winners and losers from rapid evolving technologies. there is.
Last week, Deepseek announced a state -of -the -art reasoning model that could compete with what was designed in the United States. I reigned fear in between. This century.
By the end of Monday, the beloved stock market for chip manufacturers and stock markets abandoned nearly $ 600 million. This is the largest day loss in the history of the United States. Fierce US technology sales have expanded to energy stocks and utility, which were expected to benefit from the demand for fuel and fuel supply of AI Data Center.
However, since then, the sale has disappeared. US indexes have dropped for a week, and NVIDIA has approached the lowest on Monday. S & P 500 and TECH HEAVY NASDAQ COMPOSITE lost 1 % and 1.6 % in the past five sessions.
“Deepseek is not devastating in the entire market.” BNY Wealth’s investment strategy and shares Officer Alicia Levine stated:
She expects healthcare shares and other companies that can access a huge amount of data to enjoy rewards as investors shift to non -market areas.
“It makes sense that AI is cheaper and faster, which makes the value of their value,” Levine says. The energy and infrastructure “pick and shovel” companies are one of the main beneficiaries of Big Tech’s huge capital spending on AI, but she added that she could suffer the most.
The excitement of Megacap Tech’s stocks and the potential of AI has recently become the main propulsion of powerful performance in the US stock market. Last year, the so -called magnificent seven high -tech stocks were in charge of more than half of the profits of S & P 500.
However, Bear has a great impact on Deep Shek’s breakthroughs, which can have a significant impact on a partial spending plan and evaluation of Silicon Valley giants that promoted the rally, and the maximum number of shares is almost present. We are afraid that it may have a significant meaning for the larger US market. S & P 500 2/500.
“Deepseek is intensifying, and AI can be more difficult than expected,” said Robert Almeida, a global investment strategist of MFS Investment Management.
He believes that Chinese companies can show the beginning of a new capital cycle, create “expansion of supply, expand competition, and lower returns”, and threaten the high reputation of large AI. Masu.
The billionaire Investor Ray Dario told Financial Times this week that AI Hype was fueled by US stocks.
Beyond NVIDIA, this week’s Big Losers was Chipmaker Broadcom, Energy Groups Ge Vernova and Contellation Energy.
However, many investors and analysts believe that sale is not a basic market shift, but blip.
“I don’t think we’re in the bubble, and I don’t think the bubble is going to burst,” said Peter Oppen Heimer, Chief Global Equity Strategist’s Chief Global Strategist. Instead, DeepSeek reminded me that “dominant high -tech companies are inevitable from confusion and competition.”
Investors in US high -tech companies are not to be disturbed on Thursday when Tesla and Meta shares have risen after two companies promise to pour bills of dollars to build AI infrastructure. I saw it.
Some believe that the cheap alternative to Deepseek, replacing Openai’s popular Chatgpt app, can actually spur the increase in AI spending in the United States. Bank analyst memos talked about so -called Jevons Paradox last week. The theory is that the demand for technologies such as AI is inexpensive, more energy efficiency, leading to an overall increase in energy usage.
“Everyone is (too much). (Deepseek), quoted a large -scale expenditure commitment conducted by a group such as Meta, said Christopher Rossbach, the highest investment in charge of NVIDIA shareholders J STERN & CO. I am.
He does not think that NVIDIA is overrated, and thinks that the rise in profits will support stock prices for some major high -tech companies. “The evaluation may not increase, but it will benefit from the increase in revenue, revenue, and cash flow.”
REID HOFFMAN, a venture capitalist, a co -founder of Linkedin and Manasai, believes that DeepSeek’s breakthrough is bullish for a wider AI sector.
“Deepseek is not a global AI heggmony game changer, but is a welcoming morning call that China’s competitive talent is very talented,” he told FT.
“Many small -scale AI companies in the United States use large models to train smaller models more efficiently. Is a positive signal for what US SMEs can build, “he added.
Some people think that this week’s market confusion can cause a healthy rebalancing for a wider market.
JP Morgan’s former Chief Global Market strategist Marcocoranovic has long warned the risk of market stability. arm”.
Last week, he said that the rotation within a high -tech cector could cause relative “Lagard” like Apple. “Maybe (probably NVIDIA) is not so certain after all.”
Additional reports by Mari Novik and Harried Agnew in London
