Brad Olsen: Infometrics Principal Economist on DeepSeek and its impact on the stock market
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Tech stocks have been taking a hammering after the debut of DeepSeek.
The Chinese tech firm has created a budget AI model said to be cheaper and more efficient than the other models on the market.
It sent the stocks of Nasdaq and NVIDIA tumbling – Nasdaq falling about 3% and NVIDIA plummeting more than 16%.
Infometrics Principal Economist Brad Olsen told Andrew Dickens that the market has already recovered about half the drop.
He says everyone is now trying to get a handle on how big AI is and the amount of money they want to invest in it.
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