Article originally appeared on www.zerohedge.com.
As everyone knows by now, markets are tumbling driven by a wipeout in Mag7, and as Goldman’s Delta One chief Rich Privorotsky writes this morning (full note available to pro subs), “DeepSeek is something we are going to be talking about a lot this week and especially ahead of Mag 7 earnings where the focus will be on upcoming AI related capex outlays.”
The Goldman trader goes on to not that what makes DeepSeek important is not necessarily that it’s Chinese or rapidly ascended to one of the most popular downloads in the Apple App Store…
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