Howard Marks and Ray Dalio see plenty of DeepSeek aftershocks
While Wall Street’s panic over Chinese AI has faded, some market veterans see signs of bubbles and FOMO that have not been flushed out by this episode.
A day after the arrival of Chinese artificial intelligence start-up DeepSeek sparked a $1 trillion wipeout on Wall Street and a 17 per cent fall in global sharemarket darling Nvidia, investors stepped in and applied a patch to America’s AI bubble.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
