Chip stocks like Nvidia are in trouble after the DeepSeek R1 AI model has proven that it is possible to train and run state-of-the-art reasoning models with minimal hardware. Let's find out why China's latest AI model has big tech and wall street in panic mode. #tech #ai #thecodereport 💬 Chat with Me on Discord https://discord.gg/fireship 🔗 Resources DeepSeek First Look https://youtu.be/-2k1rcRzsLA Nvidia CUDA in 100 Seconds https://youtu.be/pPStdjuYzSI 📚 Chapters 🔥 Get More Content - Upgrade to PRO Upgrade at https://fireship.io/pro Use code YT25 for 25% off PRO access 🎨 My Editor Settings - Atom One Dark - vscode-icons - Fira Code Font 🔖 Topics Covered - Why is DeepSeek causing stocks to drop? - Latest trends in artificial intelligence - How do AI companies make money?