Deepseek shakes Wall Street: Nasdaq collapses 3% due to the fear of China

Foto del autor

By TP

The news at this week start has to do with Artificial intelligence (AI) and with the novelties from Chinawho have made investors very nervous for The threat that supposes for the US and its supremacy in the field of AI. Given this situation, the Nasdaq and the S&P 500 They have fallen strongly, while the Dow Jones has managed to stay green (Dow Jones:+0.65%; S&P500: -1.46%; Nasdaq: -3.07%).

Within the technological index, losses have expanded among the largest companies, with falls to Marvell (-19.11%), Nvidia (-16.86%), Broadcom (-17.40%), grail (-9.16%) and Microsoft (-2.17%). On the opposite side, Apple shares have risen 3.18% And they have swam against the countercurrent. The iPhone manufacturer has managed to save itself thanks to its Low expenses in comparison to the other 'Big Tech'. Losses extend since Friday, when US actions fell into the market to cashcooling the profits after the inauguration of President Donald Trump. The China Depseek startup presented an updated artificial intelligence model last week that, according to the company, It is competitive with Openai technology. During the weekend interest has grown around the news on this matter, which highlight that The product is profitable and works with lower capacity chipswhich could raise doubts about the domain of American technology companies.

Deepseek «doubts the enormous resources that have been destined to artificial intelligence»

Deepseek's product «is deeply problematic for the thesis that the important capital and operational expenses In those that Silicon Valley has incurred are the most appropriate way to address the tendency of artificial intelligence, ”says Nirgunan Taguchalvam, head of consumption and the Internet in Aletheia capital, in statements collected by 'Bloomberg'. «Question the enormous resources that have been allocated to artificial intelligence” Falls in the US futures are produced at the beginning of an important week for the results of the main technology companies. Four of the '7 magnificent' – Microsoft, Meta, Tesla and Apple – Together with ASML, they will present their results of the fourth quarter this week. «There is more caution than hopesince the growth of the profits of these companies is expected to face very challenging comparisons – show the slowest pace in two years«, Write Ipek Ozkardeskaya, Swissquote Bank's senior analyst. Ozkardeskaya asks for calm and says that It is soon to bet that Deepseek will challenge world -class leaders and alter the technological domain of the United States. «This week's great technological results will surely give a clearer direction to those looking for fresh clues,» he adds.

Federal Reserve Week

With permission from 'Big Tech', the market has a key appointment with the Federal Reserve (FED) this Wednesday, January 29. And although investors discount that the agency will maintain unchanged types, in the fork between 4.25%-4.50%, interest It lies in the tone that the Central Bank will adopt After the investiture of Donald Trump as president of the United States, especially after the Republican has profiled some of the master lines of his second mandate. «The meeting is mainly A turning point. Most likely, the Fed Keep the waiting position. After the FED gave an aggressive message in December, a pause in January is clearly the base scenario, «they value in Bank of America (Bofa).» In view of the latest data on inflation and the labor market, It is almost certain that the Fed will pause in January. The markets currently foresee a type cut in the middle of the year, which seems reasonable. We expect an additional cut in the fourth quarter, although investors are still divided on the probability of a second reduction, «says Raphael Olszyna-Marzys, international economist in J. Safra Sarasin Sustainable AM.

Other markets

The euro has been located at $ 1,0487 (-0.05%). Petroleum has yielded 2% (Brent Barril: $ 76.92; WTI barrel: $ 73.05). Gold has lost 1.29% ($ 2,743) and silver has left 2.05% ($ 30.54). Bitcoin has maintained $ 100,000. The Ether has fallen to $ 3,147. The profitability of the American bonus at 10 years has dropped to 4,532%.