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DeepSeek Sparks Chaos Across Markets; Bloodbath In Big-Tech, Bitcoin, & Black Gold

Tyler Durden's Photo
by Tyler Durden
Monday, Jan 27, 2025 - 09:00 PM

A solid day for US macro data - Chicago Fed National Activity Index surged, new home sales rose for second straight year, and Dallas Fed manufacturing soared most since COVID lockdown - but absolutely NONE of that mattered as DeepSeek's revelation of 'Cheap AI' prompted panic-selling across every market.

“Concerns have immediately emerged that it could be a disruptor to the current AI business model, which relies on high end chips and extensive computing power and hence energy,” Jefferies analysts said in a note to clients.

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