The artificial intelligence-powered rally in US stocks has further to run, say equity investors, although the “wake-up call” from Chinese start-up DeepSeek is likely to reorder the winners and losers from the rapidly evolving technology.
DeepSeek last week unveiled a cutting-edge reasoning model capable of competing with those designed in the US — but apparently for a fraction of the cost — sending shockwaves through equities markets and reigniting fears among some investors of a repeat of the dotcom crash at the start of this century.
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