Tag: science

Smithfield Foods IPO Priced at $20 Per Share, Below Range: Sources

Published on: January 27, 2025, 08:01 PM UTC

Vertiv (VRT) stock plunged 30.65% after the release of a competitive AI model, DeepSeek-R1, raising concerns over market demand for data center infrastructure.

Published on: January 27, 2025, 07:00 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

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

Nvidia's Plunge Erases Record Stock Market Value Amid AI Concerns

Published on: January 27, 2025, 03:00 PM UTC

Despite headwinds such as higher interest rates and a strengthening dollar, the stock market has reached record highs due to expectations of earnings growth and positive economic fundamentals. The demand for goods and services remains strong, and companies are reporting improved profit margins. Investors should focus on the resilience of companies underlying the market rather than short-term challenges. While risks persist, the long-term outlook for the stock market remains favorable, bolstered by expectations of continued earnings growth.

Published on: January 27, 2025, 01:02 PM UTC

MicroStrategy (MSTR) Bought $1.1B of Bitcoin, Redeemed Convertible Notes, and Approved Share Increase. The company now owns over 2% of all Bitcoin ever created.

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