February 4, 2025
Analyst Bio:
Chinese artificial intelligence (AI) start-up DeepSeek sent shares of major technology companies into a tailspin after it revealed a highly cost-effective AI model that was trained using limited resources but is competent enough to match the performance of more powerful and expensive models from the likes of OpenAI.
According to reports, Rosenblatt Securities analyst Kevin Cassidy believes that companies making chips for AI applications at the edge could get a boost following DeepSeek's revelations. Qualcomm(NASDAQ: QCOM) is one of Cassidy's picks.
