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Why DeepSeek’s cost-efficient R1 spooked Nvidia investors, according to a strategist

Bogdan Hofbauer

Viraj “Raj” Patel, Head of Asset Allocation at Fiduciary Trust International, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity. Advertisement ANDY MILLS (AM): Could DeepSeek’s rise signal increased global competition for Nvidia ? And how should investors react? VP: We think that the announcement at DeepSeek over the

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