Analyst: DeepSeek's new AI model, if competitive, could cause turbulence for Nasdaq AI-related stocks

DeepSeek has reportedly engaged CITIC Securities to prepare for its STAR Market IPO, while also advancing new financing to support model R&D, service expansion, and talent incentives.

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The success of DeepSeek has led to a panic in the U.S. capital markets. Share prices of companies such as NVIDIA, ARM, Broadcom, TSMC, Micron, AMD, Intel, and others have all experienced declines. Nasdaq 100 futures plummeted by -400 points, and over $1 trillion in market value has been wiped out from the U.S. stock market.

A16Z founder believes DeepSeek R1 is one of the most amazing and impressive breakthroughs he has ever seen, and as an open-source project, it is a profoundly meaningful gift to the world.