Fastest Four: Deepseek Causes Havoc

A major market sell-off early in the week was triggered by Chinese firm Deep Seek’s AI report, which suggested they were advancing AI implementation at a much lower cost than expected. This raised concerns that American tech companies, which have already invested heavily in AI, might struggle to maintain their competitive edge, causing a sharp drop in the NASDAQ before it rebounded. Analysts later viewed the report more positively, but LPL Research cautioned that the AI sector’s high valuations might need reassessment. As tech stocks dominate market performance, LPL suggests a potential shift where other sectors could start gaining momentum.

 

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