CNBC's Jim Cramer advises investors to remain patient and avoid impulsive decisions as AI startup DeepSeek shakes up the tech sector, sending Nvidia shares plummeting. Cramer emphasizes the need for more information before making any investment moves, highlighting the uncertainty surrounding DeepSeek's impact.
CNBC's Jim Cramer reviewed Monday's market action as AI start-up DeepSeek disrupted the tech sector, sending Nvidia into a tailspin.
He told investors to sit on their hands and make no sudden moves, saying now is neither a buying nor a selling opportunity. "I have no view on DeepSeek yet, because we just don't know enough. Sometimes, you have to do the hardest thing in the world," he said"We got to wait, we got to wait until we know more, rather than taking kneejerk action and pretending that we know the answers."on Monday told investors to sit on their hands and make no sudden moves. Now is neither a buying nor a selling opportunity, he said."I have no view on DeepSeek yet, because we just don't know enough.
The tech sector has soared for a while under the assumption that Big Tech will need to spend billions to keep the latest and greatest AI models running, but DeepSeek upended that notion. The Chinese company claimed its models rival those of industry favorites, likeat the idea of a cheaper alternative that allows tech companies to spend less on graphics chips. Nvidia has dominated the market with its highly expensive products, but sharesas Wall Street weighed DeepSeek's impact on its sales.
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