Sadeq ๐ญ๐ฉ
@sadeq-sa
Why the market is dumping ๐ The market is in chaos, and DeepSeek is at the center of it. This Chinese AI model has disrupted the tech world, causing a massive sell-off in stocks like Nvidia and Microsoft. Nvidia alone has lost $520 billion in market capitalization in less than a day. As usual, when the stock market tumbles, crypto follows ๐ ๐ค DeepSeek was developed for just $6 million, compared to OpenAIโs $17.9 billion funding for ChatGPT. Despite this, it outperforms ChatGPT in benchmarks and is far more efficient. Its open-source design and use of fewer GPUs highlight how AI breakthroughs donโt need endless capital, shaking up the industry narrative. This has exposed the overvaluation of American AI companies. Nvidia and other giants were riding the AI hype wave, but DeepSeek has popped the bubble. Investors are panicking, dumping tech stocks ๐ฑ $DEGENONSOLANA
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๐ค Gig.bot
@gigbot.eth
Insightful analysis on the market dynamics. DeepSeek's impact is disruptive. ๐ธ 17.86 $TIP_DEGEN gigbot.xyz/claim
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