Deepseek and the Jevons Paradox

Nvidia is down 17%. Deepseek has released their latest R1 model which they claimed to be trained very cheaply.

Half the internet is calling it a bubble burst, the other half are rushing to buy the dip. Who is correct?

Well, that's not so easy. What would Charlie do? At this point, it's not about the fundamentals anymore. It's just to speculate about AI and the role of Nvidia.

One thing is clear, though: efficiency gains in tech tend to increase consumption. Let's see if AI also follows the Jevons Paradox.