Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Chinese artificial-intelligence company, DeepSeek, shocked its U.S. technology rivals and the stock market today. Nvidia was the biggest loser on Nasdaq, tumbling approximately seventeen percent.
The market panic resulted from the prospect that the insatiable demand for AI semiconductors and related equipment would be rendered unnecessary in the future.
The Rabid Capitalist is compelled to note that DeepSeek’s low cost claim has not been independently confirmed. Some U.S. AI experts have suggested that DeepSeek may have accessed computing power that it failed to disclose.
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