AAPL climbed 3% on DeepSeek news, as other tech stocks fell [Video]

While shock at yesterday’s DeepSeek news saw the stock prices of many tech giants fall, AAPL climbed 3.25% across the course of the day.

Experts yesterday expressed amazement at the Chinese company’s AI model being on a par with US chatbots like ChatGPT, Gemini, and Llama despite being developed for a fraction of the cost and running on far lower-spec hardware …

DeepSeek is an AI chatbot developed in China, and which posted benchmarks indicating that its performance was comparable to the world’s best existing models. Experts quickly verified the claims, expressing shock that China was able to achieve this at a fraction of the development cost of US models, and running locally on very modestly-specced PCs.

Many said that the scale of this achievement cannot be over-stated.

The app quickly climbed to the #1 slot in Apple’s App Store.

The biggest shock was how China was able to develop such a powerful AI model while US export …