AI

The Nasdaq tumbled over 3% on Monday as worries over US AI dominance and spending mounted after Chinese startup DeepSeek's AI model raised questions. Nvidia (NVDA) tanked 17% as the sell-off spread to chip-related stocks and AI-exposed power stocks. Fears about AI investment prompted investors to seek defensive sectors, lifting the Dow Jones Industrial Average (^DJI). Big Tech earnings season kicks off this week, highlighted by results from Apple, Tesla (TSLA), Meta, and Microsoft, with guidance for future profit under scrutiny. The Federal Reserve will hold its first policy meeting of 2025 this week, with attention on potential rate changes as President Donald Trump calls for lower rates.

Published on: January 28, 2025, 09:02 AM UTC

AI-powered chatbots from DeepSeek threaten US power stocks, led by Constellation Energy (CEG), Vistra Corp (VST), and GE Vernova (GEV), as investors question AI spending and market dominance.

Published on: January 28, 2025, 09:02 AM UTC

DeepSeek, a Chinese AI firm, has emerged as a potential challenger to U.S. AI companies, with models offering performance comparable to leading offerings at a fraction of the cost. Wall Street analysts react to DeepSeek's impact on the AI market and the implications for tech giants and startups.

Published on: January 28, 2025, 08:02 AM UTC

Leading U.S. AI firms praise DeepSeek's AI models while analyzing their capabilities. DeepSeek's models use Nvidia's lower-cost H800 chips, sparking discussions about competition and the viability of open source AI.

Published on: January 28, 2025, 07:03 AM UTC

China's DeepSeek AI raises AI spending concerns, leading to a sell-off in tech stocks, with Nasdaq down over 3%, S&P 500 down nearly 1.5%, and Nvidia dropping a record $589 billion in market value. Investors flock to defensive sectors, with Dow Jones gaining over 0.6%. Apple, Meta, and Salesforce buck the tech rout, while chipmakers ASML, Broadcom, and Micron Technology lose ground. Federal Reserve's first policy meeting of 2025 and big tech earnings kickoff this week, with focus on guidance for future profit amid DeepSeek's impact on revenue prospects.

Published on: January 28, 2025, 07:02 AM UTC

Power stocks plunged on Monday after a Chinese AI startup raised concerns about U.S. companies' AI spending levels, resulting in a 21% drop for CEG, a 28% decline for VST, and a 25% loss for OKLO.

Published on: January 28, 2025, 07:02 AM UTC

Chinese startup DeepSeek's R1 AI model impresses OpenAI CEO Sam Altman, but he emphasizes the importance of greater computing power for OpenAI's success.

Published on: January 28, 2025, 06:03 AM UTC

The Nasdaq Composite plummeted over 3% Monday as China's DeepSeek raised concerns about US leadership in artificial intelligence and chipmaker Nvidia's profitability. Nvidia's stock value plunged nearly 17%, wiping out a record $589 billion in market value. The Nasdaq and S&P 500 were rattled by DeepSeek's claims of using cheaper chips and less data to achieve comparable performance to leading AI models, sparking doubts about AI-fueled growth. Key earnings reports from Apple, Tesla, Meta, and Microsoft this week will provide further insight into industry dynamics, while the Federal Reserve's upcoming policy meeting will be closely watched for its stance on interest rates. Investors flocked to defensive sectors and haven currencies amid the tech sell-off, with the 10-year Treasury yield falling to its lowest level in over a month.

Published on: January 28, 2025, 06:02 AM UTC

AI Advances by Chinese Startup Send Shockwaves Through Power Sector; Constellation Energy (CEG) Drops 21%, Vistra Corp (VST) Tanks 28% Amid Sell-Off

Published on: January 28, 2025, 06:02 AM UTC

US AI developers praise and analyze DeepSeek's budget-friendly models, sparking competition and highlighting open source AI's viability.

Published on: January 28, 2025, 06:00 AM UTC