Nvidia’s $589B DeepSeek rout

#1

Post by rcarmo » Mon, Jan 27, 2025, 10:57 AM UTC

Nvidia’s $589B DeepSeek rout
finance.yahoo.com

Re: Nvidia’s $589B DeepSeek rout

#2

Post by nabla9 » Mon, Jan 27, 2025, 11:05 AM UTC

Nvidia -13% in Frankfurt stock market just now.

Valuations of private unicorns like OpenAi and Anthropic must be in free fall. DeepSeek spends $6 million in old H800 hardware to develop open source model that overtakes ChatGPT. AI gets better, but profit margins sink with strong competition.

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store https://news.ycombinator.com/item?id=42839656

Edit: Nvidia now -15% in Frankfurt.

Re: Nvidia’s $589B DeepSeek rout

#3

Post by einrealist » Mon, Jan 27, 2025, 11:07 AM UTC

Nice to see a pullback within this AI bubble. Wake me when I don't have to double-check the results of generative AI, even with DeepSeek.

Re: Nvidia’s $589B DeepSeek rout

#4

Post by xyst » Mon, Jan 27, 2025, 11:10 AM UTC

Buy the dip

Re: Nvidia’s $589B DeepSeek rout

#5

Post by Discordian93 » Mon, Jan 27, 2025, 11:11 AM UTC

It's funny the bubble seems popping because the tech can be made better or cheaper instead due to loss of enthusiasm for the tech itself. AI is here to stay I suppose then.

Re: Nvidia’s $589B DeepSeek rout

#6

Post by dogma1138 » Mon, Jan 27, 2025, 11:11 AM UTC

Good time to buy then, I don’t understand how stupid some traders can be.

A more efficient model is better for NVIDIA not worse. More compute is still better given the same model. And as more efficient models proliferate it means more edge computing which means more customers with lower negotiating power than Meta and Google…

This is like thinking that if people need to dig only 1 day instead of an entire month to get to their nugget of gold in the midst of a gold rush the trading post will somehow sell fewer shovels…

Re: Nvidia’s $589B DeepSeek rout

#7

Post by fire_lake » Mon, Jan 27, 2025, 11:12 AM UTC

Fascinating.

I think Meta is a big winner from this - they still control the content and now mining it for value has been proven even cheaper by DeepSeek.

Re: Nvidia’s $589B DeepSeek rout

#8

Post by jamil7 » Mon, Jan 27, 2025, 11:12 AM UTC

Shouldn't this news be bullish long-term for them?

Re: Nvidia’s $589B DeepSeek rout

#9

Post by homarp » Mon, Jan 27, 2025, 11:13 AM UTC

see also https://news.ycombinator.com/item?id=42822162 "The Short Case for Nvidia Stock"

Re: Nvidia’s $589B DeepSeek rout

#10

Post by tobyhinloopen » Mon, Jan 27, 2025, 11:14 AM UTC

I was wondering why my whole portfolio was deeply red