U.S. Stock Market Key Highlights
1. Major Issues in the U.S. Stock Market
1.1 DeepSiq (China) Announcement and Market Shock
- Impact of DeepSiq Announcement:
- DeepSiq, a Chinese AI startup founded in 2023, announced the successful development of a large language model in just two months.
- DeepSiq’s technology garnered global attention with high performance compared to OpenAI.
- Market Shock:
- Concerns about NVIDIA’s AI semiconductor dominance grew due to DeepSiq’s emergence, causing the stock price to plummet to around $118.
- The stock experienced a maximum intraday drop of 17%, marking the worst day since the pandemic.
2. DeepSiq’s Technological Impact and NVIDIA
2.1 DeepSiq’s AI Model Development
- DeepSiq successfully developed an AI model using NVIDIA’s lower-performance GPUs, with development costs at a very low $5.57 million (approximately 7.9 billion KRW).
- Demonstrated cost-effectiveness compared to the AI development costs of existing Big Tech companies.
2.2 Impact on NVIDIA
- DeepSiq’s model is evaluated to have surpassed the performance of NVIDIA’s latest chips.
- NVIDIA has recorded a short-term stock price drop of more than 10% since April 2024.
- Upcoming earnings announcements are crucial for NVIDIA’s stock price rebound.
3. Big Tech and Other Related Stocks Status
3.1 Big Tech Investment Trends
- Meta:
- Announced plans to invest $60 billion in AI infrastructure in 2024.
- Meta’s stock price has consistently risen, reaching record highs.
- Microsoft, Oracle:
- Stock prices fell due to underperforming data center investment projects.
3.2 Cryptocurrency Market
- Bitcoin (BTC) has stalled due to the DeepSiq impact, but long-term growth potential remains.
3.3 Other Affected Stocks
- Semiconductor industry stocks such as Micron, AMD, and Broadcom declined collectively.
- Financial services platform SoFi dropped by more than 10% due to negative Q1 forecasts.
4. Outlook and Investment Strategies
4.1 Need to Monitor Market Volatility
- Major indexes such as Nasdaq have entered a downtrend, but there is potential for a rebound through bottom consolidation.
- If NVIDIA’s Q4 earnings significantly exceed market expectations, there is a possibility of a stock price recovery.
4.2 Investments in AI and Metaverse
- Stocks related to Meta and AI technologies have high long-term growth potential, so a continuous buying strategy is recommended.
4.3 Bitcoin and Cryptocurrency
- Bitcoin has established itself as a digital asset, so a long-term buying strategy can be maintained.
< Summary >
- The emergence of DeepSiq has put a Chinese AI startup in the global spotlight, causing AI-related stocks, including NVIDIA, to decline.
- Big Tech companies like Meta have maintained positive stock price trends due to expanded AI infrastructure investments.
- The cryptocurrency market is volatile, but long-term growth potential remains valid.
- NVIDIA, Microsoft, AMD, etc., have been adjusted in the short term but can be viewed as investment opportunities in the long term.
[More…]
- “NVIDIA Latest Outlook”
https://Next-Korea.com?s=NVIDIA - “Meta AI Investment Expansion”
https://Next-Korea.com?s=Meta
*YouTube Source: [미국주식하는인갠]
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