Investing lesson from DeepSeek: Be wary of perfection

IT WAS bound to happen. It was never a question of whether Nvidia would be knocked off its perch, but when it would happen.

The market, it would seem, had been in a state of denial. It had been mesmerised by the halo effect surrounding the US chip designer and chose to ignore the fact that Nvidia shares were overvalued and that its eternal dominance of the artificial-intelligence (AI) space was overblown.

Sure, Nvidia is a great company. But concerns that prospects for the chip designer were grossly overhyped were always lurking at the back of some investors’ minds.