China’s AI success spooks US investors
NAB's Rodrigo Catril talks through the sudden challenge to American exceptionalism that has markets rattled.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 28th January 2025
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US investors are reassessing the value of US AI related stocks on the realisation that China might have found a solution that can learn faster, at a lower cost, with less energy needs-and is available for all to share and use. If it lives up to the hyped it is a full-on assault on the concept of American exceptionalism led by AI and tech. As NAB’s Rodrigo Catril points out, President Trump has to respond, given the support he has been receiving from tech billionaires in the run up to the election, and since. The market response has beena move to bonds, and a rise in safe heaven currencies, like the Yen. It provides a lively start to a week that includes a number of tech earning’s results (and calls), alongside the fed and ECB meetings.
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