Nasdaq returned all of

💥 Nasdaq returned all of its gains this year due to the impact of AI DeepSeek from China.
In the futures market alone, $1.2 trillion in technology has been lost.
🤔 What the hell is Dipsyck?
Chinese AI startup DeepSeek has unveiled its R1 model as an open source, which is equivalent to OpenAI's o1, and some show better performance.
🤔 Why Are U.S. Tech Stocks Shocked?
The DeepSeek V3 model was developed at about $5.57 million, which is 1% of Meta's Lamar Mobel development cost.
On top of that, it also shows the astonishing cost/efficiency of partially outperforming open AI, such as performance competitiveness and coding tests.
This is a shock similar to Tesla's $30,000 electric car that easily beat the $200,000 Porsche in performance. No, the current Big Tech is actually a $1 million Porsche plastered with gold, and AI-related stocks including Nvidia plunged.
🤔 China has already overtaken the U.S. with AI?
Due to this incident, some say that Chinese companies have already surpassed the U.S. in terms of technology.
In particular, in the case of Dipsyck, it was made at a time when high-end chips were not available due to U.S. sanctions, so some even say that the U.S. sanctions have promoted innovation of Chinese technology companies.
🔥 Deepstick is China's 'Sputnik moment'
The Dipsyk crisis is similar to the shock the U.S. received when the Soviet Union launched its satellite Sputnik 1 in the 1950s.
With this incident, sanctions against China are likely to be tightened and AI competition is likely to be much steeper.
ITK / American Tuesdays