The Psychology Behind the DeepSeek Selloff and How Earnings Can Help
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The Chinese company DeepSeek sent markets spiraling lower on fears over artificial-intelligence spending, but earnings season should steady the boat. Over the weekend, viral posts indicated that DeepSeek had recreated OpenAI’s technology in the form of its R1 model for only $6 million, compared with the billions of dollars spent by U.S. tech companies. On Monday, trading volume was about 40% above the average for the past year, according to Dow Jones Market Data.
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