Tag: innovation

AI Frenzy Shaken by Chinese Upstart: DeepSeek Raises Concerns Over US Leadership

Published on: January 27, 2025, 06:00 PM UTC

Chinese AI startup DeepSeek released a new generative AI model called R1, which is cited as more cost-effective than Western models. This news caused a sell-off in AI stocks, with Nvidia, AMD, and Broadcom all dropping significantly. Analysts are questioning whether the Western world's gargantuan spending on AI infrastructure is necessary.

Published on: January 27, 2025, 05:04 PM UTC

President Trump may clash with the Fed, which is hinting at holding interest rates steady despite his demands for lower rates. Inflation concerns and Trump's policies are influencing the Fed's cautious approach. Some economists see a possibility of rate hikes due to higher deficits and other factors.

Published on: January 27, 2025, 05:03 PM UTC

The S&P 500 and Nasdaq plummeted after Chinese AI startup DeepSeek announced a lower-cost large language model, hitting tech shares, AI chipmakers, and power providers. AT&T outperformed with subscriber growth.

Published on: January 27, 2025, 05:00 PM UTC

Tesla’s post-election rally may resume as analysts remain bullish on the company's AI potential. Despite recent declines, Tesla shares are still up 65% since Nov. 5. Analysts at Piper Sandler and Wedbush raised their 12-month price targets this week, with Piper Sandler naming Tesla its top "buy-and-hold idea" and Wedbush calling the new administration a "total game changer" for the company.

Published on: January 27, 2025, 04:04 PM UTC

Trading cards are becoming a popular investment asset, with grading services playing a vital role in authenticating and preserving their value. PSA, a leader in trading card grading, explains how the market has grown and provides insights for potential investors.

Published on: January 27, 2025, 04:03 PM UTC

Nvidia stock drops 12% on fears of AI model cost reduction from China's DeepSeek, leading to sell-off in chip stocks and the broader market.

Published on: January 27, 2025, 04:02 PM UTC

DeepSeek, a Chinese startup company, has developed an AI model that costs less and uses less advanced chips, raising concerns that the valuations of tech giants may be overinflated. As a result, global stock markets have experienced a downturn, with the S&P 500 and Nasdaq 100 both dropping significantly. Investors are now looking to Big Tech earnings reports this week for reassurance and to determine if the high valuations of these companies can be justified.

Published on: January 27, 2025, 04:01 PM UTC

Nvidia (NVDA) stock plunges 13% after a Chinese AI model challenges its dominance in the AI chip market.

Published on: January 27, 2025, 04:00 PM UTC

Navigating financial challenges can be perplexing. This article addresses questions sent by readers and provides expert advice on topics such as investing in retirement, improving financial literacy, maximizing retirement savings, balancing debt repayment and savings, and understanding credit scores.

Published on: January 27, 2025, 03:03 PM UTC