Investors definitely weren’t thinking this way on Monday, concerned about reports that Chinese artificial-intelligence service DeepSeek was substantially cheaper and better than OpenAI.  This is a good time to remind all investors that the stock market is really just a manic crowd.

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.