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Archive of entries posted on 27th January 2025

Big Red AI Swan. Buy today’s dip

China has DeepSeek. It’s better and cheaper to make. It’s also open source and free, for now. Hence it will kill the market for Nvidia chips. Nvidia’s stock will fall through the floor today, maybe 14%. So will all its customers – Google, Microsoft, Meta – the erstwhile Magnificent Seven. Panic is Wall Street’s middle […]