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The emergence of Chinese startup DeepSeek's artificial intelligence (AI) model rattled US stock markets on Monday, triggering a broad sell-off across the technology sector. Stocktwits editor-in-chief and community VP Tom Bruni joins Asking for a Trend to analyze investor sentiment surrounding the AI trade.
Bruni notes that the timing of DeepSeek's reveal is "interesting," coinciding with earnings reports from five of the "Magnificent Seven" tech companies this week. However, he points to a Stocktwits survey indicating that over 50% of users expect the Magnificent Seven to maintain their earnings season dominance.
"People are still optimistic about the overall AI trade," Bruni says. "However, they're kind of picking their spots a bit more."
He adds that investors still seem to be sticking with leaders like Nvidia (NVDA) but are being more selective overall with other stocks.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
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This post was written by Angel Smith