Zimbabwe: Deepseek Will Hardly Dent 'Magnificent Seven' Stocks

February 3, 2025--DeepSeek's emergence roiled markets earlier last week, but investors see limited scope for the Chinese artificial intelligence startup to dent the performance of the Magnificent Seven, the latest Bloomberg Markets Live Pulse survey showed.
The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated by delays in the repatriation of funds in dollars.

Of the 260 respondents, 88 percent said the debut of the startup's latest model- which wiped US$784 billion from the S&P 500 last Monday-will have little to no impact on the shares of the US technology behemoths in coming weeks.

Few are cutting their exposure to the S&P 500, an index dominated by the massive tech companies.