DeepSeek's announcement of a revolutionary AI breakthrough that would require less capex and fewer Nvidia chips than previously expected caused semiconductor stocks (led by Nvidia) to sell off 15-20% on a single Monday in January.
normativepending
Evidence Quote
“the news came out about the Deep seek out of China um having a new revolutionary breakthrough in the AI technology that would not require as big of capex as many had previously expected and perhaps wouldn't need as many Nvidia chips as previously expected so Nvidia but all the chip stocks but led by an Nvidia had a huge draw down”
Created: 8/11/2026, 8:03:13 AM
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