U.S. Stock Futures Sink amid Tech Selloff
Tech stocks are weighing on U.S. stock futures as investors express concerns over China's advancement in artificial intelligence (AI).
* Nasdaq futures dip over 4%, while S&P 500 and Dow Jones Industrial Average futures decline by around 2% and 1%, respectively.
* Nvidia (NVDA) and ASML Holdings (ASML) slide in premarket trading due to fears surrounding China's DeepSeek AI model.
Nvidia, TSMC Tumble on DeepSeek Concerns
* Nvidia shares plummet roughly 12% after DeepSeek introduces an AI model utilizing lower-cost chips.
* Taiwan Semiconductor Manufacturing Co. (TSM) shares drop 11% along with other AI-related stocks.
* Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) decline by 5%, 3%, and 4%, respectively.
AT&T Shares Rise on Strong Earnings
* AT&T (T) shares gain 2% premarket following a 70% year-over-year increase in Q4 profit to $4.41 billion.
* Revenue of $32.3 billion exceeds analysts' expectations.
* AT&T reaffirms its 2025 guidance, contributing to its 30% gain over the past year.
Colombia Accepts Deported Migrants to Avoid Trump Tariffs
* President Trump withdraws threats of "emergency" tariffs on Colombian imports after the country agrees to accept deportation flights from the U.S.
* Tariffs would have been as high as 50% if Colombia didn't comply.
Venture Global Stock Continues to Slide after Debut
* Venture Global (VG) shares fall further by 2% premarket after a disappointing market debut.
* The liquefied natural gas (LNG) exporter raised $1.75 billion through its IPO, falling short of initial expectations.