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@Barcode:$NVIDIA(NVDA)$ 🚨📰🗞️ DeepSeek has restricted registration to its services, ONLY allowing users who have a mainland China mobile phone number to register. The website stated the status as "Monitoring" with the restriction message posted. Why service has been restricted? Nvidia, $NVDA, has now erased -$510 BILLION of market cap during today's session. ~$30 billion more and it doubles the previous record for most market cap lost in a day by a single stock. Source: The Kobeissi Letter
@subbu:This deepseek is a disruptor for sure. But it's not a doomsday event. Personally I think the scene now is something like what 8t was when xiaomi first entered the market as a competitor to iPhone at around 30% its price. But now it is as expensive and also pushes ads on even their premium phones now. And Apple & Samsung still hold forth. Perhaps this is how the AI scene would unfold in the future too with the likes of Nvidia, Micron, Palantir etc. having their own share.
@Enid Bertha:$SoFi Technologies Inc.(SOFI)$ A week from now nobody will even hear a word about deepseek. This drop was uncalled for, a small start up taking down almost the entire NASDAQ doesnt make sense.Espeacilly SOFI that is a finacial service company not an AI chip manufacturer. Of all days deepseek appears and the earnings get wiped out. SOFI should be sitting at 19 + not 16, guidance is fine. SOFI is conservative. Anyways it will rebound sooner or later HEDGY WILL CHANGE DIRECTION AND RUN IT THE OTHERWAY!