DeepSeek May Trigger "Negative Capex Impact" As Peak Data Center Occupancy Forecast Faces Revision

The news of the (extremely) cheaper Chinese DeepSeek response to OpenAI's ChatGPT—allegedly "40-50x more efficient than other large language models," according to Goldman's Rich Privorotsky—has triggered a global selloff across the entire AI ecosystem.

The selloff spans chip designers, AI firms, semiconductor equipment manufacturers, AI data center companies, and "Powering Up" baskets tracked by Goldman.