DeepSeek has been dominating the headlines in these days.
Chinese companies have achieved similar effects to leading AI large models at lower costs.
To be honest, this was actually discussed earlier last week, but mainly in the tech community in China.
On the contrary, the financial circle seems less concerned, but over the weekend, Americans over there started a large-scale evaluation of DeepSeek. As a result, today, Monday, the domestic financial circle began to discuss enthusiastically.
The investment field is really interesting, Americans are getting serious now...
In the US stock market, influenced by DeepSeek, NVIDIA plummeted during the night session, leading to a sharp decline in the Nasdaq.
The bursting of the US stock market bubble is a process of gradually accumulating factors, deepseek has made an important contribution.
Semiconductors represented by NVIDIA, with both performance and valuation increasing significantly, essentially follow a 'selling shovels' logic.
All downstream sectors of AI need NVIDIA's cards because they require computing power. Regardless of who wins or loses among players like openai and meta, those selling shovels will not lose.
According to Wall Street's logic, if large models eventually turn into a computing arms race, then there is still a very large space in the field of chips.
From the data, we can also see that it is relatively easy to predict NVIDIA's income, just look at downstream buyers' capex (capital expenditure) plans for the second year, and you can have a fairly accurate forecast.
As for whether the next company can make money?
For example, can there be enough paying users, are there any killer applications, let's not mention it first - after all, from the perspective of investors...