Stocks such as Tesla , Wolfspeed and Starbucks could make the biggest moves after reporting earnings this week. The upcoming days are key for quarterly results from megacap technology and semiconductor stocks, which are taking a sizable breather on Monday amid the DeepSeek-fueled tech meltdown . Many nontech players across retail, pharmaceuticals and materials are … Read more
NVIDIA founder, President and CEO Jensen Huang speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center on September 27, 2024 in Washington, DC. Chip Somodevilla | Getty Images Source link
The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open-source AI laboratory led investors to question how much energy artificial intelligence … Read more
A young Chinese AI startup, DeepSeek, sparked a massive rout in U.S. technology stocks Monday as its highly competitive — and potentially shockingly cost-effective — models stoked doubts about the hundreds of billions of dollars that America’s biggest tech companies are spending on artificial intelligence. DeepSeek’s emergence is shaking up investor confidence in the AI … Read more
Check out the companies making headlines in midday trading: Nvidia — The chipmaker tumbled nearly 16% as the performance of a language model from Chinese startup DeepSeek raised questions about the amount of investment in artificial intelligence. With that performance, the high-flying AI name is on track to notch its worst day since March 2020. … Read more
DeepSeek’s rattling of the artificial intelligence market has been several years in the making, with analysts viewing the Chinese company’s shocking advance in the field as an unintended consequence of U.S. trade policy. Starting under the Biden administration in 2022, the U.S. has imposed export controls to keep China from accessing high-performance semiconductors, primarily from … Read more
The top performing S & P 500 sector so far year-to-date is health care, up approximately 6% versus 2% for the S & P 500 Index. Relative momentum is improved for the sector not only from a short-term perspective, but also an intermediate-term perspective, supporting more outperformance for the balance of Q1. With this in … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks tanked Monday as Chinese startup DeepSeek’s lower-cost AI model sent shockwaves through the tech sector. Semiconductor stocks led the decline with Nvidia and Broadcom both dropping 13%. Investors … Read more
The emergence of a new artificial intelligence model from China has investors rethinking their outlook for chip stocks, and maybe regretting the sky-high valuations they have been willing to pay. The iShares Semiconductor ETF (SOXX) fell more than 6% in morning trading Monday. Nvidia , Marvell Technology and U.K.-based Arm Holdings were among the chip … Read more
Israel says eight of the remaining 26 hostages due to be released by Hamas during the first phase of the Gaza ceasefire deal are dead. Government spokesman David Mencer told reporters that Israel had received a list from the Palestinian armed group overnight that provided information on the status of the hostages. “The list from … Read more