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In a recent report, James Ooi, a seasoned market strategist at Tiger Brokers, observed that despite an initial downturn in NVIDIA's stock prices, the remarkable success of DeepSeek is poised to significantly bolster demand for the company's products. DeepSeek stands out by delivering comparable performance at a mere fraction of the cost of its American competitors. Ooi anticipates that the triumph of DeepSeek will reverberate positively across the AI software sector, as the drastically reduced computing costs it offers will usher in a plethora of new opportunities. Furthermore, he clarified that while cost-effective AI models initially sparked fears of dwindling demand for high-end chips, this trend may paradoxically augment the demand for NVIDIA's Graphics Processing Units (GPUs).
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