DeepSeek Shattered the AI Trade. How to Look for New Winners, and 5 Other Things to Know Today. - Barron's

1. China's DeepSeek claims lower AI development costs, impacting U.S. tech stocks. 2. DeepSeek's advancements raise concerns about U.S. tech leadership and valuations. 3. OpenAI and Microsoft are expected to challenge lower-cost AI market dynamics. 4. China plans to invest $137 billion in AI, intensifying competition. 5. S&P 500 companies, excluding tech, report rising valuations amidst AI uncertainty.