Sun Feb 23 17:00:00 UTC 2025: ## Chinese AI Startup DeepSeek Fuels Open-Source Momentum, While Nvidia Remains a Top Contender
**NEW YORK** – Chinese AI startup DeepSeek is making waves in the AI industry by open-sourcing five code repositories, further solidifying its commitment to open-source development. The company, which has already seen significant success with its open-sourced V3 and R1 models, announced the move on X (formerly Twitter), emphasizing its belief in collaborative innovation. This strategy contrasts sharply with many US-based competitors who favor closed-source models. DeepSeek’s approach, its CEO argues, builds soft power and fosters community-driven innovation. The open-sourced code will provide infrastructure support for its already publicly available AI models, including those leveraging “native sparse attention” technology designed to improve large language model (LLM) efficiency.
Meanwhile, NVIDIA (NVDA) maintains a strong position in the AI market, ranking second on a recent Insider Monkey list of AI stocks surging on news and analyst calls. KeyBanc recently raised its price target for NVDA to $190, citing strong expected Q4 results despite manufacturing delays affecting the GB200 NVL server. While the delays are impacting shipments, the analyst noted that customer order delays and alternative server solutions are mitigating the issue. However, Insider Monkey suggests that other AI stocks may offer greater potential for higher returns in a shorter timeframe, particularly those trading at less than 5 times earnings. The article highlights the performance of a quarterly newsletter strategy that imitates top hedge fund stock picks, achieving a 275% return since 2014 by focusing on both small-cap and large-cap stocks. The analysis incorporates data from Q4 2024 hedge fund holdings.
First Piper 