Market panic, muted impact, and the AI shock that wasn’t
DeepSeek’s debut caused market panic but didn’t affect long-term AI chip demand. Nvidia, Broadcom, and ASML rebounded, posting strong gains after initial shock DeepSeek’s efficiency gains intensified the AI arms race instead of ending it. Nearly a year ago, DeepSeek appeared to upend the global AI narrative overnight. A relatively unknown Chinese AI lab released…
