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The DeepSeek Selloff, Trump Talks Tariffs | Bloomberg Brief 01/28/2025
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January 28, 2025
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43:44Now PlayingAfter a historic selloff, which saw over a trillion dollars wiped off the stock market and Nvidia dropped by the biggest single-day loss in value for a single company,
markets begin to bounce back. Investors buy the dip as the dust settles on Chinese AI entrant DeepSeek's paradigm-shifting R1 model. Peter Oppenheimer of Goldman Sachs calls out sell off a correction, not a bear market and stands up for exceptional US stock valuations. Patrick Armstrong of Plurimi Wealth thinks the revelation of cheaper costs to produce state of the art LLMs as bearish for Nvidia. BC Partners' Europe Chairman, Nikos Stathopoulos, thinks tariffs can boost Europe. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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