HOOD Falls From All-Time High on DeepSeek Turbulence: Buy the Dip?

Robinhood Markets Inc. (HOOD) shares reached an all-time high of $52.06 on Friday. However, concerns over DeepSeek have triggered a broader market sell-off, pushing the stock below the $50 mark.DeepSeek, a China-based open-source artificial intelligence (AI) company, unveiled its first model, DeepSeek R1, on Monday. It claimed that the product was created at a fraction of the cost compared with its U.S. counterparts like OpenAI’s GPT-4, Meta’s Llama and Google’s Gemini. The news sent shockwaves through the ...