DeepSeek Will Hardly Dent Magnificent Seven Stocks, Survey Shows
- Most respondents are maintaining their stock exposure
- Trump policies will likely drive equity volatility, they said
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DeepSeek’s emergence roiled markets earlier this week, but investors see limited scope for the Chinese artificial intelligence startup to dent the performance of the Magnificent Seven, the latest Bloomberg Markets Live Pulse survey showed.
Of the 260 respondents, 88% said the debut of the startup’s latest model — which wiped $784 billion from the S&P 500 on Monday — will have little to no impact on the shares of the US technology behemoths in coming weeks. Few are cutting their exposure to the S&P 500, an index dominated by the massive tech companies. Instead, it will be President Donald Trump’s policies that drive equity volatility this year, according to 59% of participants in a survey conducted from Jan. 28-30.