The emergence of DeepSeek has caused significant alarm in the US tech markets, leading to Nvidia losing $500 billion in market value. While some investors have deemed DeepSeek a formidable competitor, skepticism persists about the company's ability to innovate independently rather than borrowing from US technology. The narrative surrounding DeepSeek, fueled by social media influencers, highlights the contrast between US tech investment and China's approach, which is often perceived as duplicative. Analysts are set to explore whether DeepSeek can sustain its competitive edge, given China's history of leveraging US innovations without in-depth originality.
In a period of a few hours, shares of Nvidia lost $500 billion in market value amid investor concerns over DeepSeek's emerging AI capabilities and its cheaper alternative.
The markets reacted to the emergence of DeepSeek as if it posed a direct existential threat, but skepticism remains regarding its innovation compared to established US tech companies.
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