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Cathie Wood: DeepSeek shocks the AI dominance of ARK, Trump's policy affects BTCprice drops to 75K
Ark Invest founder Cathie Wood shared in an interview on 2/1 that although NVIDIA has dominated the AI chip market in the past few years, recently, Chinese AI company DeepSeek has developed a billion-dollar AI model comparable to OpenAI and Google with only 6 million US dollars, causing market turbulence and causing NVIDIA's stock price to plummet by 17% in a single day. She stated that the current AI industry, Crypto Assets market, and US economic policies are intertwining to create a new market situation.
DeepSeek challenges Nvidia's dominant position, causing turbulence in the US market
Wood said that since the Chinese AI company DeepSeek was able to develop AI models comparable to OpenAI, Google, Microsoft, and other tech giants at a cost of $6 million, the market has begun to question whether high capital investment is still the only way for AI development.
After the news came out, NVIDIA's stock price fell by 17% in a single day. Wood pointed out that the emergence of DeepSeek may surpass the demand for training chips, which will challenge NVIDIA's competitive position in the AI chip market. The market will also continue to observe NVIDIA, AMD,