CNBC: “What did we learn from Monday’s market action? Cheap AI is a good thing, says DataTrek”
By datatrekresearch in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
....But DataTrek Research co-founder Nicholas Colas sees all this as positive.
“Almost 80 percent of [Monday’s] DeepSeek-related S&P 500 selloff was due to Nvidia. Apple, Meta, and Amazon were up. Microsoft/Alphabet were down, but not horribly so,” he said.
“The market is telling us that cheap, open source AI is a good thing. Less AI-related CapEx means larger buybacks and higher dividends from established companies that can market useful AI tools to large global user bases,” Colas added. “Their past investments are sunk costs, irrelevant to tomorrow’s stock prices. AI is now a product development and marketing challenge, not a sinkhole for capital"....
Full article here on CNBC.
