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Nvidia, Microsoft Stock Drop as DeepSeek AI Raises Competition Concerns-Wedbush Remains Bullish
Nvidia, Microsoft, and other AI stocks slide as China's DeepSeek R1 raises competition fears, but analysts remain bullish on U.S. tech
by the release of China's DeepSeek R1 large language model could be a golden buying opportunity for investors, according to Wedbush Securities. Wedbush analysts acknowledged that DeepSeek R1 presents a major perceived threat to U.S. tech dominance but believe the Magnificent 7 remain focused on artificial general intelligence (AGI) and enterprise AI applications, driving $2 trillion in capital expenditures over the next three years. Wedbush also questioned whether DeepSeek bypassed U.S. export controls restricting access to Nvidia's H800 GPUs, saying it "remains to be seen" if the company found a workaround.
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