DeepSeek Took a Bite Out of the Mag 7. Here’s What Happens Next

The so-called Magnificent Seven group of tech stocks have spent the past two years looking invincible, so it’s ironic that the companies worth $18 trillion in total market value were undercut this past week by a Chinese start-up no one on Wall Street had heard of just days earlier.

Such is the power—and vulnerability—of being on the cutting edge.

The new R1 artificial-intelligence model from China’s DeepSeek has comparable performance to some of the world’s best models, and seemingly comes at a lower price to train and run in the cloud…Read Full Article