Tech stocks have been taking a hammering after the debut of DeepSeek. 

The Chinese tech firm has created a budget AI model said to be cheaper and more efficient than the other models on the market. 

It sent the stocks of Nasdaq and NVIDIA tumbling – Nasdaq falling about 3% and NVIDIA plummeting more than 16%. 

Infometrics Principal Economist Brad Olsen told Andrew Dickens that the market has already recovered about half the drop. 

He says everyone is now trying to get a handle on how big AI is and the amount of money they want to invest in it. 

LISTEN ABOVE 

Tech stocks have been taking a hammering after the debut of DeepSeek.&nbsp;
The Chinese tech firm has created a budget AI model said to be cheaper and more efficient than the other models on the market.&nbsp;
It sent the stocks of Nasdaq and NVIDIA tumbling – Nasdaq falling about 3% and NVIDIA plummeting more than 16%.&nbsp;
Infometrics Principal Economist Brad Olsen told Andrew Dickens that the market has already recovered about half the drop.&nbsp;
He says everyone is now trying to get a handle on how big AI is and the amount of money they want to invest in it.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Principal Economist on DeepSeek and its impact on the stock market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/367f82d0-fbd8-4e9f-be01-b2730162111f/transcript