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Zion expresses skepticism regarding the legitimacy of Deep Seek's claims, cautioning that both U.S. tech companies and Chinese firms often have opaque and questionable business practices. This skepticism roots from the proprietary nature of technology and the often fraudulent claims from Chinese entities. Thus, while he refrains from providing market predictions, he critiques traders who might base decisions on unverified claims.
Analyzing Potential Outcomes
Zion presents two distinct scenarios for consideration: firstly, if Deep Seek's claims are false, leading to a quick market correction with investors feeling the repercussions; and secondly, if the claims are true, posing significant challenges for U.S. firms and the geopolitical landscape.