[samvher]

I don't think the part about the market reaction is too surprising, for COVID it took a while for the market to react as well.

Seeing that DeepSeek-R1 has benchmark scores like o1 is not the same as seeing that people actually like it, that it's being adopted, and that stated training costs are getting accepted as credible.

(But I agree that there is a lot of irrationality in these markets.)