Seems like a new threat to Indian equities has popped up, by the name of DeepSeek

From the news that's coming out, Deepseek, a Chinese produced AI, can do all that ChatGPT does, and is better than the Google, Meta AIs. All while spending 90% less in resources. This could very badly pop the AI bubble in the US. The US markets have rising very aggressively on the Magnificent 7 and AI stocks. Now given that the Indian Tech space is heavily correlated to US Tech, and that the IT sector has almost single handedly held up the Nifty 50, it could spell alot of trouble for Indian investors. Please keep a close eye on US equity indices, especially the Nasdaq 100. I would love to say, don't panic and trust stocks with good fundamentals, but i already sold all my equities and went 100% into the Nippon Goldbees ETF, in the 1st week of Jan. Now I'm 5% up on my portfolio. Toh hypocrite nahi banunga yaha.. So pls act as per your risk appetite and expectations, and need for capital in upcoming future. Especially if you have bought individual stocks. If ur a MF or IF investors, keep ur SIPs going and close your broking app for a year, so u dont make stupid decisions. Cheers. PS.. For those that are adamant that i am wrong, i respect your opinions. Market is all about probabilities. That's what I've clearly alluded with the post. But i want you guys to do something for me, go to the CNX IT chart, put it on weekly timeframe, and check how much it fell in the 2000 Dot com crash. PPS.. I'll aswer it for you, it fell 90%. I pray that my assessment is wrong. PPPS... Nvidia is down -13% in the pre market. US market opens in 3hr 30mins. Something big may just happen today. Closely track the Nasdaq 100, and Mag 7.