Frankly, I think people are overreacted with Nvidia crash. In the short term, companies may emulate Deepseek and reduce their purchase of chips, but on the other hand, Deepseek has proven that you don't need big budget to build AI model. So many companies probably will jump into AI model businesses and they will need AI chips. But for OpenAI, it is pretty fatal, I think, and there maybe a price wars soon, just like in EV.
