noMAeffect
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Bullish
🐳 Reason of the dump: DeepSeek. This is a Chinese startup that claims to work as good as ChatGPT, but costs 30 times less.
Why is it so disturbing for markets? Donald Trump has just announced a huge $500 billion injection in US AI sector. Turns out Chinese can do the same with only $10 million of investments. Thus, American AI market may be severely overvalued! That's how tech stocks dumped hard overnight.
Nasdaq is down today because of the Deepseek AI from China which is currently changing the whole market framework regarding the costing of the AI.
With fraction of cost, Deepseek is producing almost as better as the ChatGPT does.
With this kind of news, it appears to be valuation shock all around the market right now. People are too afraid that it might be an over valuation in the AI industry right now and that’s why market is dropping.
What I ultimately wait for now is to look for buy the dip opportunity. However, I’ll temporary avoid the AI sector for now and wait for update later.
#nomaeffect
#Write2Earn
#MarketPullback
#JUPBuybacks
#BinanceAlphaAlert
Why is it so disturbing for markets? Donald Trump has just announced a huge $500 billion injection in US AI sector. Turns out Chinese can do the same with only $10 million of investments. Thus, American AI market may be severely overvalued! That's how tech stocks dumped hard overnight.
Nasdaq is down today because of the Deepseek AI from China which is currently changing the whole market framework regarding the costing of the AI.
With fraction of cost, Deepseek is producing almost as better as the ChatGPT does.
With this kind of news, it appears to be valuation shock all around the market right now. People are too afraid that it might be an over valuation in the AI industry right now and that’s why market is dropping.
What I ultimately wait for now is to look for buy the dip opportunity. However, I’ll temporary avoid the AI sector for now and wait for update later.
#nomaeffect
#Write2Earn
#MarketPullback
#JUPBuybacks
#BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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