Chip Stocks Overnight Reaction to DeepSeek:
1. Arm, $ARM: -5.5%
2. Nvidia, $NVDA: -5.3%
3. Broadcom, $AVGO: -4.9%
4. Super Micro, $SMCI: -4.6%
5. Taiwan Semi, $TSM: -4.5%
6. Micron, $MU: -4.3%
7. Qualcomm, $QCOM: -2.8%
8. AMD, $AMD: -2.5%
9. Intel, $INTC: -2.0%
US markets are on track to erase over $1 trillion of market cap in Monday's session.
All as earnings, tariffs, and the Fed meeting are in the spotlight.
It's going to be another wild week.
What is deepseek?
[AI Model](https://duckduckgo.com/?q=deepseek)
I believe it’s an open source Chinese AI that was created at a fraction of the cost of US based models such as Open AI, Gemini, Grok, and arguably better.
DeepSeek story feels like a psyop… company established less than 2 years ago flies completely under the radar to unveil state of the art AI interface? Nah. Color me skeptical
Yea its suspicious for sure
$NVDA is going to eat it hard.
