The Valuation School
January 27, 2025 at 04:30 PM
*DeepSeek's New AI Shakes Up Global Tech Stocks*
By The Valuation School
*DeepSeek's Surprise Move*
Chinese startup DeepSeek has introduced an AI assistant that's both powerful and affordable.
Unlike other AI models, it runs on simpler, less expensive chips, making it a game-changer in the tech world.
*Impact on Netweb Technologies*
Following DeepSeek's announcement, shares of Netweb Technologies dropped by 13%, settling at Rs 1,605 on the BSE.
Netweb, which gets about 15% of its revenue from AI, partners with NVIDIA to design advanced GPU systems.
*Broader Market Reactions*
The news sent shockwaves through global markets, with Nasdaq 100 futures falling over 3%.
Major tech companies like NVIDIA, Tesla, and Meta saw their stock values decline as investors grew concerned about the future demand for high-end AI hardware.
*Looking Ahead*
DeepSeek's rise is prompting a rethink in the tech industry about the need for costly hardware in AI development.
As the situation unfolds, companies and investors are closely watching how this will reshape the AI landscape.
*Source:* https://tinyurl.com/wxdnvhtx
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