I don’t think it’s strange
It simple is a reaction that to win in AI race , you cannot assume Mag 7 will continue their domination or Monopoly. Thus their high valuations are being challenged. It also questions the growth estimates built in for the Mag 7 for coming years
It’s not about NVDIA being best or not. It’s about the fact that Deepseek was able to build these models without the most advanced (and highest price) chips from NVDA.
I think the companies who are mainly the users of tech and not producers of AI should ideally benefit because they might be able to become more productive at lower cost