Topic: Tech Stocks

2 chapters across the catalog

The release of China's new AI model, DeepSeek, has caused significant volatility in global tech stocks, particularly affecting Nvidia. DeepSeek is reportedly as capable as Western AI models but operates with significantly lower computational costs, threatening the dominance of American tech giants. This development is viewed as a strategic move by China to disrupt the U.S. economy and challenge the "AI boondoggle" currently fueling Wall Street.

The NASDAQ and Dow Jones have seen significant drops, with the Dow falling nearly 1,000 points in a single day following a weak jobs report. Dr. Kirk Elliott notes that major tech insiders have been dumping stocks, suggesting they are anticipating a major economic correction. Global markets in Japan and Israel have also seen 6% declines, reinforcing the argument that a global recession is already underway.