DeepSeek is CRUSHING US stocks:
— The Kobeissi Letter (@KobeissiLetter) January 27, 2025
Nasdaq 100 futures are down -1,000 POINTS, set for their BIGGEST drop since Sept 2022.
Nvidia is set to erase $400+ BILLION of market cap today, the biggest 1-day loss in a stock in HISTORY.
What is happening? Let us explain.
(a thread)
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Does a falling stock make a noise, not if I don’t own any.
Investing in beans, bullets, band-aids and booze makes more sense these days than investing in paper. Just saying.
Finally I can get in on some Tech stock at a reasonable entry.
Funny it happens 1 week after the Trump offensive aganst the Globalist.
They need to quit calling today’s AI, AI. It’s not true AI. In order for Ai to be truly self aware it would need to be closed loop. Be able to inspect it’s own results and make corrections and learn. I’ve seen pick a place mechanisms from 15 years age that were self correcting from employing optical sensors that were truer to AI.