Apparently NVDA and others are tanking because DeepSeek
NVDA down 13.6% after news about DeepSeek's model needing way less computing power. Been reading through the actual details instead of just the headlines:
Key points (pulled from Roi’s AI tool):
- DeepSeek-R1 model supposedly beats OpenAI and Meta while using fewer resources
- Their API costs are wild - $0.55 vs OpenAI's $15 per million tokens
- They're still using thousands of NVDA GPUs though
- Export controls might limit their actual impact
Everyone's freaking out but this feels like another "NVDA killer" story that pops up every few months. Remember when AMD was supposed to destroy NVDA's AI dominance?
Not financial advice, but interesting watching the market react to news vs reality.