By Jim Cramer
Publication Date: 2026-02-16 23:52:00
Wait one second. Just one second. Before you sell everything related to artificial intelligence, think back a little more than a year ago. January 27, 2025, was “Black Monday” for tech. That’s when Chinese startup DeepSeek sent shockwaves through markets with its highly competitive AI model that it claimed was trained at a fraction of the cost of top American models. Nvidia stock lost almost $600 billion in market cap in a single day. By the time the kerfuffle was over, Nvidia plunged from roughly $143 per share on Jan. 24, the Friday before, into the low $90s, a sickening decline that lasted until April 2025, when we realized DeepSeek was all smoke and mirrors and the U.S.-China trade tensions that punished the stock started to turn the corner. Put aside for a second that Alibaba just released a new, multimodal version of its AI model Qwen that can understand text, photos, and videos – something I saw Nvidia’s chips do last March at its annual GTC conference. Plus, there is another DeepSeek release right behind it. I think we can rest assured that the press will not talk about how Nvidia’s chips are vastly superior and instead insist that Alibaba has much cheaper silicon and that it’s better. In fact, you can count on that. But there’s another strange thing that is happening. On Monday, the stocks of Dassault and Siemens were rocked by a report that Schindler, the Swiss elevator maker, dropped a “digital twin” partner — we don’t know which one — because it is going…
