The big news today is the tech market being down by hundreds of billions. NVIDIA lost at least $500 billion in market cap today and my IWM calls are up in value by 50% and was very tempted to roll them into March but I’m going to hold strong.
If I didn’t already have a quarter million investing in IWM, I’d be doing put base ratio spreads on IWM right now.
I did pick up a few shares of NVIDIA just because it’s down so much and this is probably an over reaction but we’ll see what happens next.
DeepSeek AI
What is DeepSeek? From what I’ve been reading, it’s a clone of ChatGPT but Deepseek supposedly runs far far cheaper than OpenAI’s version and many people are already switching to Deepseek because of the lower price point.
I tried signing up to Deepseek to see what all the chatter is about (pun intended) but couldn’t sign up. It wouldn’t take my email address and I’ve read that it’s overloaded now anyway.
I have read on Reddit that DeepSeek has very strict guardrails and you can’t ask it questions like, “What world leader looks like Winnie The Pooh” nor anything about Tienanmen Square.
I’ll still keep using my favorite AIs for now but it’s at least good to see competition heat up so hopefully prices or services get better.
Share The Wealth
Are you using Deepseek? Let me know in the comments below.