【英文】DeepSeek R1与Nvidia股价大跌全面分析

Jeffrey Emanuel, a former hedge fund analyst and current AI developer, outlines the bull case for Nvidia, emphasizing its near-monopoly on AI infrastructure. However, he highlights emerging threats: innovative hardware from companies like Cerebras and Groq, the development of custom AI chips by major tech firms, advancements in software frameworks lessening Nvidia's CUDA dependency, and a surprising efficiency breakthrough by a small Chinese firm, DeepSeek, significantly reducing the compute cost of AI model training and inference. These factors, the author argues, cast doubt on Nvidia's ability to sustain its current growth trajectory and justify its high valuation.

Source: The Short Case for Nvidia Stock