NVDA stock price fluctuations, another resistance this year

DeepSeek introduced the mHC (Manifold-Constrained Hyper-Connections at this year's CES, a manifold-constrained hyper-connection ), similar to wormhole technology, which uses mathematical calculations to fold space directly between the start and end points, establishing connections only when needed.

Previously, whether it was Sam Altman or Jensen Huang, they have been steadfast believers in Scaling Laws, believing that intelligence = computing power × data. As long as you keep stacking GPUs wildly, the model will become infinitely stronger.

However, DeepSeek's mHC directly challenges this linear relationship.

Computing power is no longer the only bottleneck; architectural efficiency is the real bottleneck. If the algorithm is smart enough, current computing power is actually surplus.

This is undoubtedly a big challenge for Nvidia's stock price, because the opponent is no longer peers like AMD, but the structural collapse of customer demand.