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What does the DeepSeek saga mean for your portfolio?
深度求索對你的投資組合意味著什麼?

Investors have become overexposed to Nvidia and the rest of the ‘Mag 7’ — what lessons can they learn from this week’s stock rout?
投資者對輝達及其他「瑰麗七股」過度投資——從本週的股市暴跌中他們能學到什麼教訓?

The WhatsApp messages began on Sunday. Fellow fund managers had spotted social media buzz on the success of China’s DeepSeek AI app. Was this the iceberg that would sink the apparently unsinkable Magnificent Seven US tech Titanic? 

從週日開始,我的WhatsApp上就不斷收到訊息。同行基金經理們注意到社群媒體上關於中國深度求索(DeepSeek)人工智慧應用成功的熱議。這會是擊沉看似不可沉沒的瑰麗七股(Magnificent Seven)美國科技巨輪的冰山嗎?

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