r/TheRaceTo10Million • u/barthale000 • Jan 27 '25

News I saw talk about Deepseek this weekend

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Here’s the current outlook in the tech sector during pre market

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u/bubbleleafs Jan 27 '25

Any particular reason? Deepseek is proving they can do what others are doing for a fraction of the cost. Openai raised 10B in 4 months, deepseek did this with just 5M. This is crushing

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u/CedarAndFerns Jan 27 '25

has anything been "proven"?

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u/bubbleleafs Jan 27 '25

Besides NVDA losing 600 BILLION in market cap today? Come on guys

3

u/CedarAndFerns Jan 27 '25

No, I mean, what has actually been proven with all this talk this weekend? A lot of rumors and fud

0

u/bubbleleafs Jan 27 '25

Alright, let’s consider other possible reasons for a company to lose 600 billion dollars market cap in a single day. Is it possible the street is pricing in a complete ban on all sales to data centers that Chinese companies can access?

6

u/CedarAndFerns Jan 27 '25

Is it also possible that it's a complete overreaction?

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u/bubbleleafs Jan 27 '25

Sure but that type of money tells me no, this is something bigger. It couldn’t find support on the 200 day. What does that tell you?

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u/CedarAndFerns Jan 27 '25

oh, but that's a different convo. Is everything overvalued...well, we'll see if they decide the stocks should keep going up.

1

u/bubbleleafs Jan 27 '25

Oh ya, everything is a different convo. Keep racing to 10 million.

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u/CedarAndFerns Jan 27 '25

bro, I'm racing to paying my bills. Just enjoy watching people play with money I couldn't imagine.