Wedbush sees ‘golden buying opportunity’ in technology selloff

Wedbush analysts view the technology selloff this morning as a “golden buying opportunity.” No U.S. global 2000 company is going to use a Chinese start-up DeepSeek to launch their artificial intelligence infrastructure and use cases, the analysts tell investors in a research note. Wedbush says there is only one chip company in the world launching autonomous, robotics, and broader AI use cases and that is Nvidia (NVDA). Launching a competitive large language model for consumer use cases “is one thing…launching broader AI infrastructure is a whole other ballgame and nothing with DeepSeek makes us believe anything different,” Wedbush contends. It sees an opportunity to own the Nvidia, Microsoft (MSFT), Alphabet (GOOGL) (GOOG) (GOOGL, GOOG), Palantir (PLTR), Salesforce (CRM), Amazon (AMZN) and broader technology ecosystem that is under heavy pressure today. DeepSeek impressed the tech community with its large language model, but this is not launching 100-times the capacity and algorithms “that is needed to even consider this a competitive threat,” according to the firm.