Latest / Early Edition with Ryan Bridge
Brad Olsen: Infometrics Principal Economist on DeepSeek and its impact on the stock market
Tech stocks have been taking a hammering after the debut of DeepSeek.
The Chinese tech firm has created a budget AI model said to be cheaper and more efficient than the other models on the market.
It sent the stocks of Nasdaq and NVIDIA tumbling – Nasdaq falling about 3% and NVIDIA plummeting more than 16%.
Infometrics Principal Economist Brad Olsen told Andrew Dickens that the market has already recovered about half the drop.
He says everyone is now trying to get a handle on how big AI is and the amount of money they want to invest in it.
LISTEN ABOVE
See omnystudio.com/listener for privacy…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.