Angelo Zeno
Appearances
Planet Money
How DeepSeek changed the market's mind
Yeah, I mean, listen, as far as kind of Monday morning is concerned, it starts off on a sour note.
Planet Money
How DeepSeek changed the market's mind
I was up at 4 or 5 a.m., which is when I typically wake up, and I already had a number of inquiries in my inbox from investors out in Europe. And what are those investors like? Angelo, you told us American AI was the future. Yeah, I mean, listen, who are the winners? Who are the losers from this? What exactly is happening?
Planet Money
How DeepSeek changed the market's mind
DeepSeek topped the App Store chart and kind of got ahead of OpenAI. I think it kind of, you know, put the technology right in the eye of the storm for investors out there.
Planet Money
How DeepSeek changed the market's mind
So when you kind of look at some of the names that got hit the most, I mean, essentially chip makers that are heavily exposed to the data center market. And, you know, that would include Broadcom, Marvell, Micron. Is it Marvell? I've been saying Marvel this whole time. Like a nerd who reads comics. Okay. Whoops. So Marvell, specifically NVIDIA, was the one that got the most attention out there?
Planet Money
How DeepSeek changed the market's mind
So listen, we went bullish on NVIDIA actually in March of 2020. Yes, we have continued to pound the table on NVIDIA. As recently as kind of a week or two ago, we do think they have the most important intellectual property probably in the world. Right, but...
Planet Money
How DeepSeek changed the market's mind
It doesn't look good. And it's definitely not an easy conversation to have.
Planet Money
How DeepSeek changed the market's mind
We didn't say sell your NVIDIA shares. We continue to have a buy recommendation on the shares.
Planet Money
How DeepSeek changed the market's mind
Right, especially on that day. I mean, when the stock was down, I believe it was 18 or 19%. We did think that was an overreaction.