AI Stocks Drop Amid DeepSeek's Rise, Analysts See 'Golden Buying Opportunity'
Key Takeaways:
* Chinese AI startup DeepSeek's app dethrones OpenAI's as the most-downloaded free app in the U.S.
* AI-related stocks, including Nvidia (NVDA), decline following the news.
* Wall Street analysts view the selloff as a buying opportunity, highlighting Nvidia, Microsoft, Alphabet, and Palantir as potential investments.
* DeepSeek's performance raises concerns about the U.S. lead in AI technology, but analysts remain optimistic about the long-term growth prospects of the sector.
* Bernstein and Citi analysts maintain positive outlooks for Nvidia and Broadcom, while Raymond James recommends "strong buys" for Nvidia, ASML, and other established AI companies.