“星际之门”（Stargate）是特朗普上任后不久公布的AI基础设施计划，由OpenAI、软银和甲骨文等公司合作开展，计划在未来4年内筹集5000亿美元，用于建设超大规模数据中心。然而，Investors have always been cautious about AI companies claiming the need for massive funding to train models, especially in the absence of short-term profit plans. The sudden rise of DeepSeek seems to confirm this concern, as overnight NVIDIA lost nearly 600 billion dollars in Market Cap, exceeding the total budget of 'Stargate'.
With DeepSeek's explosive growth, concerns about the overvaluation of the AI Industry have rapidly intensified, resulting in heavy losses for Technology Stocks, which cast a cold shadow over 'Stargate'.
Overnight, NVIDIA lost nearly 600 billion dollars in Market Cap, surpassing the total budget of 'Stargate'.
'Stargate' is an AI infrastructure plan announced shortly after Trump took office, developed in collaboration with companies like OpenAI, SoftBank, and Oracle, aiming to raise 500 billion dollars over the next four years to build ultra-large-scale Datacenters. However, the rise of DeepSeek casts a shadow over this ambitious plan, especially as DeepSeek claims its AI model's performance is comparable to that of OpenAI, but its development costs are only a tiny fraction of the latter, raising doubts among investors about the reasonableness of hefty investments in AI companies.
In fact, investors have always been cautious about AI companies claiming the need for massive funding to train models, especially in the absence of short-term profit plans. The sudden rise of DeepSeek seems to confirm this concern, which has led Wall Street to begin selling off AI-related Stocks. Some Analysts pointed out:
"If DeepSeek can survive with a smaller Datacenter, then large Technology companies may have overspent on the Electrical Utilities for their AI plans."
Some Analysts have claimed that DeepSeek's rise could be an extinction-level event for venture capital firms fully committed to foundational model companies.
It is worth noting that SoftBank, involved in this project, promised to invest 50 billion dollars in the USA eight years ago, creating 0.05 million jobs, but a significant portion of that funding went into WeWork, which eventually filed for bankruptcy. This time, SoftBank has made a renewed commitment to invest 100 billion dollars, and analysts believe that this time investors may demand more explanations.
Editor/lambor
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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