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‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot (www.theguardian.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 27 points 2 days ago* (last edited 2 days ago) (3 children)

The money went back into the hands of all the people and money managers who sold their stocks today.

Edit: I expected a bloodbath in the markets with the rhetoric in this article, but the NASDAQ only lost 3% and the DJIA was positive today...

Nvidia was significantly over-valued and was due for this. I think most people who are paying attention knew that

[–] [email protected] 9 points 2 days ago

There’s been a lot of disproportionate hype around deepseek lately

[–] [email protected] 3 points 2 days ago (1 children)

Trump counterbalance keeping it in check but my gut is saying once tariffs come in February there's going to be a market correction. Pure speculation on my part.

[–] Jimmycakes 6 points 2 days ago (1 children)

You don't have to say speculation when talking about the future of stocks. It's implied unless you are a time traveler in which case you should lead with that.

[–] [email protected] 3 points 2 days ago

I am a time traveller and I was trying to throw you off my trail but I seem to have failed.

[–] [email protected] 2 points 2 days ago

To be fair, NQ futures momentarily dropped 5% before recovering some. A few days from now on would be interesting.