Is DeepSeek undervalued or are America's AI superstars overvalued?

When DeepSeek’s R1 model dropped in January 2025, it briefly erased nearly a trillion dollars in US market value overnight. Nvidia alone shed close to $600 billion in market capitalization in a single day, then the largest single-day loss in US market history, as investors scrambled to reprice the assumptions that America’s AI spending boom […]