Jan 28, 2025, 12:00 AM
Jan 28, 2025, 12:00 AM
DeepSeek's AI technology could enhance Apple's profitability
- Shares of Apple increased by 3.2% despite the tech market downturn caused by the competition from DeepSeek.
- Analysts indicate that DeepSeek's efficient AI models could positively impact Apple's profitability.
- Apple is well-positioned to benefit from the growth of AI applications without heavy investments in infrastructure.
On January 28, 2025, the technology sector experienced a significant sell-off, with the Nasdaq Composite dropping 3.1%. This downturn was primarily influenced by the emergence of DeepSeek, a Chinese startup, which posed a new threat by introducing advanced artificial intelligence models. However, contrary to the broader market trend, Apple Inc. saw its shares rise by 3.2% on the same day. Analysts from Bank of America suggested that this positive movement for Apple could be attributed to its strong position in the edge AI market, specifically as a provider of large language models (LLMs). The iPhone maker was characterized as the
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