You have stocks like…
$NVIDIA(NVDA)$
$Palantir Technologies Inc.(PLTR)$
$Meta Platforms, Inc.(META)$
All trading at 30X to 600X PE because AI is transformative and will open up trillions in new opportunities.
Then DeepSeek comes out at a fraction of OpenAI cost followed by Qwen beating DeepSeek.
Suddenly, investors realize that companies like…
$Alibaba(BABA)$
$Baidu(BIDU)$
$Tencent Holding Ltd.(TCEHY)$
… and almost the entire CN tech industry is trading an average of mid-teens PE. $KraneShares CSI China Internet ETF(KWEB)$
DeepSeek got the ball rolling and opened an entire investor community’s eyes.
It was the catalyst that came out of left field and caught China shorts with their pants down.
Epic.
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