When Deepseek first grabbed the public consciousness - my thoughts were that Nvidia was a short, and it was potentially negative for Microsoft and Google. The market has also seen this as being very good for Meta - as there AI strategy is close to the open source methods of DeepSeek. Market action has followed this analysis.
To be honest, I expected a more violently negative price action from Nvidia, but I suspect the market has been reassured by the capex plans out of Meta, Microsoft and Google, which remain huge. If they are spending that much money, its still has to go somewhere, so Nvidia will be fine - is the thinking I guess. If you want truly violent market action - you have to look elsewhere.
