Any DeepSeek-Driven Megaport Declines Are for Buying -- Market Talk

Dow Jones

2025/01/28

2307 GMT - Citi analyst Siraj Ahmed would be a buyer of any weakness in Megaport shares stemming from concerns over the potential impact of China's DeepSeek AI. Ahmed tells clients in a note that he doesn't see any direct impact on the Australian software company, which helps businesses to create and manage internet network connections. He actually thinks that the potential for cheaper models such as DeepSeek to drive increased AI adoption could be positive for Megaport, but doesn't rule out any short-term wobbles amid broader uncertainty. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 27, 2025 18:07 ET (23:07 GMT)

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