This article is sponsored by Société Générale, Singapore Branch. The AI boom has fueled Nvidia’s meteoric rise, but could a new player from China be the catalyst for a reversal? Award-winning trader Robin Ho thinks so. With the emergence of DeepSeek, a low-cost AI model from China, the market is questioning the sustainability of big tech’s aggressive AI spending. Robin saw an opportunity and took a short position on Nvidia using Daily Leverage Certificates (DLCs), positioning himself to profit from the market turbulence—before the US market even opened. The Thinking Behind His Trade Robin had been warning about the risks to big tech since December 2024. He saw parallels between today’s AI frenzy and the 2000 dot-com bubble, where excessive investment eventually led to a major market correction. With Nvidia at the center of the AI revolution, any disruption in the sector could trigger a sell-off. A key risk Robin identified was the AI monetization dilemma faced by big tech companies....