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And continuing, China's DeepSeek could represent the biggest threat to U.S. equity markets as the company seems to have built a groundbreaking AI model at an extremely low price and without having access to cutting edge chips, calling into question the utility of the hundreds of billions of dollars worth of capex being poured into the industry.
equity markets as the company seems to have built a groundbreaking AI model at an extremely low price and without having access to cutting-edge chips, calling into question the utility of the hundreds of billions of dollars' worth of CapEx being poured into the industry." So that's a huge, huge claim here.
Equity markets had been sagging for a couple of months.
Equity markets had been sagging for a couple of months.
I wonder how you're framing the difference at the moment between how equity markets and equity investors perceive this moment and the way that these strategists on the ground and the facts are playing out.
I wonder how you're framing the difference at the moment between how equity markets and equity investors perceive this moment and the way that these strategists on the ground and the facts are playing out.
the mere fact that equity markets are at all time highs.
but the mere fact that equity markets are at all-time highs, assets under management are growing,
There's still a broad base feeling within the central bank that actually, you know, inflation is still above target, the economy is still in reasonably good shape, unemployment is low in equity markets at all time highs.
and equity markets are at all-time highs.
They've been in the equity markets,
They've been in the equity markets,
We've had Microsoft and Apple such as stalwarts of the equity markets.
So it was notable for what was a, at the time, somewhat unknown but high-growth brand to achieve that kind of valuation from a prominent investor like that. 2021 was a big IPO year and a record peak for the equity markets in general.
Analysts argue it's because high-income households keep buying gifts and get richer thanks to rising equity markets.
the amount of economic terrain which Asia covers, I think, is really what is driving this renewed interest in Asia and their equity markets moving up the capitalization spectrum.