After DeepSeek, Tech Stocks Still Win. Here’s How Things Are Getting Reset. - Barron's

1. Nvidia is a key player in AI hardware, benefiting greatly from AI demand. 2. Emergence of DeepSeek threatens existing hardware cost structures for AI development. 3. A potential value shift to software companies could impact Nvidia's competitive landscape. 4. Lower costs of AI model training may reduce hardware demand, affecting Nvidia. 5. Market reassessment is ongoing, with lasting effects on growth expectations.