Chinese artificial intelligence model called DeepSeek sparked a selloff in Al related shares, with megacap stocks including Nvidia which has been hit the most. The DeepSeek has launched a free assistant that uses cheaper chips and less data.This move seems to challenge the common belief in financial market that AI will boost demand for everything from chipmakers to data centres. As this startup threatens the dominance of US AI companies the market has sharply declined making a major sell off across other assets. L
On the technical side, Nvidia has been trading in a rise channel which has broken further confirming a sell. COULD WE SEE IT SELL FURTHER DOWN PAST $70??? MHHH
WHAT ARE YOUR THOUGHTS ? CAN US AI BEAT THE DeepSeeK?
On the technical side, Nvidia has been trading in a rise channel which has broken further confirming a sell. COULD WE SEE IT SELL FURTHER DOWN PAST $70??? MHHH
WHAT ARE YOUR THOUGHTS ? CAN US AI BEAT THE DeepSeeK?
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we continue to head down in a consuludating manner. I would advice buys yet
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.