#DeepSeek冲击全球算力

From the perspective of recent impacts and market views, the influence of DeepSeek on the US stock market should not be underestimated, but it cannot simply be described as a minor episode; while Trump's influence on the US stock market has a degree of certainty, it cannot be absolutely stated that he is the master of the stock market's fate. The specific analysis is as follows:

Impact of DeepSeek on the US Stock Market

• Significant short-term impact: This Monday, influenced by DeepSeek, the market value of the S&P 500 index evaporated by $784 billion, Nvidia's stock price plummeted by about 17%, with its market value shrinking by $589 billion, and the Nasdaq Composite Index fell by over 3%.

• Triggering market concerns: DeepSeek achieved performance comparable to existing cutting-edge models at a lower training cost, leading investors to question whether the substantial investments by American tech giants in AI infrastructure are rational and raising concerns about the future demand for companies like Nvidia.

• Long-term impact is uncertain: Although investors believe that DeepSeek has limited potential to weaken the performance of the seven major giants, in the long run, if emerging AI companies like DeepSeek continue to innovate, it may change the landscape of the AI industry and have a more profound impact on related US companies.

Trump's Influence on the US Stock Market

• Positive factors: Trump's commitment to relaxing regulations and lowering corporate tax rates may, to some extent, alleviate the burden on companies, enhance corporate profit expectations, and thus drive up the US stock market.

• Uncertain factors: Trump's plans to raise tariffs and expel illegal immigrants may increase inflation, suppress the labor market, and disrupt supply chains, thereby negatively impacting the US stock market. Moreover, whether his policies can be smoothly implemented and the intensity and pace of their implementation also depend on the control of both houses of Congress.

In summary, the impact of DeepSeek on the US stock market is an event that cannot be ignored at present, while Trump's influence on the stock market carries uncertainties. The fate of the US stock market is the result of the interaction of multiple factors and cannot be simply attributed to a single factor or individual.