Crypto is in a cooling period after running to a new record last week and was pulled lower by the DeepSeek-driven sell-off in tech stocks.
American stocks crashed on Monday as focus shifted to the upcoming Federal Reserve interest rate decision and as concerns about DeepSeek’s success. Futures tied to the Dow Jones index fell by over 1%,
The Nasdaq & S&P 500 fell after Chinese startup DeepSeek shows AI can be built cheaply, sparking fears AI spending will stall. The blue-chip Dow rose.
It revealed a disconnect between the Federal Reserve’s recent monetary policy decisions and economic reality. The report showed stronger-than-anticipated job growth, causing substantial market ...
The S&P 500 and the Nasdaq dropped on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology.
Nasdaq posted its biggest one-day percentage drop since Dec. 18 on Monday as a low-cost Chinese artificial intelligence model prompted a steep selloff in U.S. chipmakers. AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value,
The Nasdaq 100 Index has nearly doubled since the start of 2023, adding $14 trillion in value in the process. Evercore ISI’s Rich Ross is prepared for that rally to continue, shrugging off fears of a familiar nemesis: rising bond yields.
The S&P 500 and the Nasdaq ended sharply lower on Monday as Nvidia and other chipmakers sold off after surging popularity of a low-cost Chinese artificial intelligence model raised investor worries about the outlooks for current AI leaders in the United States.
Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap stocks including Nvidia the worst hit.
The Dow Jones Industrial Average rose 291.54 points, or 0.67 per cent, to 44,715.79. Read more at straitstimes.com.
By Shashwat Chauhan and Sukriti Gupta (Reuters) -Futures linked to the tech-heavy Nasdaq tumbled on Monday as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.