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Hugh Lam from BetaShares comments on the impact of China's AI advancements on the market. The launch of a cost-effective DeepSeek model challenges US tech giants like Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG), raising concerns over data centre CapEx. The US-China AI rivalry stirs market volatility.
Hugh emphasises the need for a diversified portfolio, extending beyond the 'magnificent seven' stocks. He sees potential in sectors like financials, industry, and industrials, and mentions BetaShares S&P 500 ETF. Hugh anticipates positive equity performance in 2025, potentially under a Trump administration.
Highlighting the role of Asia tech, Hugh points to companies such as SK Hynix (KRX:000660) and Samsung (KRX:005930) as critical providers for Nvidia (NASDAQ:NVDA). The emergence of deep-sea models prompts hyperscalers to develop efficient models. He notes continual strong inflows in US and global equities for BetaShares, reaching $49B in assets under management.
