DeepSeek released its R1 chatbot at the end of December and itâs only taken the app about a month to claim its spot at the top of the App store. Upon the news that it reached the top, share prices for GPU maker NVIDIA fell 11%, Oracle dropped 8%, and Palantir was down 5% Cramer effect . Stocks are adjusting to the revelation that China can build AI faster, cheaper, and just as good as America. The reason the market is flipping out is because DeepSeek R1 took two months to build, cost $6 mil
