Stock market today: Nasdaq clobbered, Nvidia sinks 17% while Dow stages comeback as AI fears shake markets
A Chinese startup's promise of cheaper AI has rattled faith in the growth prospects for tech stocks.
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DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know
If the most sought-after AI chips aren't as vital as previously thought, an entire ecosystem built around massive AI investment could be in jeopardy.
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Wall Street asks SEC to extend timeline for US Treasury market overhaul
NEW YORK (Reuters) -Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline. The Securities Industry and Financial Markets Association (SIFMA) together with other trade associations sent a letter to the SEC on Friday requesting that the implementation timeline be extended by at least one year for the cash and repo clearing deadlines.
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Why market panic over China's DeepSeek is 'overblown,' analysts say
China’s AI startup DeepSeek triggered a tech sell-off today as investors panicked over fears of a cheaper open-source model.
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Graco (NYSE:GGG) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
Fluid and coating equipment company Graco (NYSE:GGG) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.2% year on year to $548.7 million. Its non-GAAP profit of $0.64 per share was 15.8% below analysts’ consensus estimates.
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Sanmina’s (NASDAQ:SANM) Q4 Sales Beat Estimates
Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 7% year on year to $2.01 billion. On the other hand, next quarter’s revenue guidance of $1.95 billion was less impressive, coming in 2.1% below analysts’ estimates. Its non-GAAP profit of $1.44 per share was 5.1% above analysts’ consensus estimates.
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Muni Bonds Jump on Haven Rally After DeepSeek Upends Tech Market
(Bloomberg) -- Municipal bonds rose alongside Treasuries Monday as investors rushed into haven assets after the rapid ascent of a Chinese AI startup rattled the US stock market.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresBenchmark state
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Apple, Meta Platforms rise to lead 'Magnificent 7' stocks amid AI washout
Apple stock jumped Monday, proving itself resilient to the widespread AI stock sell-off Monday prompted by the release of Chinese firm DeepSeek’s new cost-effective artificial intelligence model.
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Time to 'panic' or 'overblown'? Wall Street weighs how DeepSeek could shake up the AI trade
AI stocks fell across the board as the investment community absorbed news of a potentially more cost-effective Chinese AI model — and began to question the Western world’s gargantuan spending on AI infrastructure.
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Transcat (NASDAQ:TRNS) Misses Q4 Sales Targets
Measurement equipment distributor Transcat (NASDAQ:TRNS) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 2.4% year on year to $66.75 million. Its non-GAAP profit of $0.45 per share was 10% below analysts’ consensus estimates.
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AI-exposed power stocks crushed as fears about DeepSeek trigger tech sell-off
AI-exposed power stocks tumbled alongside a tech sell-off as Chinese startup DeepSeek sparked investor concerns over AI chip spending by US companies.
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What Analysts Think of Intel Stock Ahead of Earnings
Intel is expected to report fourth-quarter results after the market closes Thursday, with analysts expecting the chipmaker to swing to a loss.
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Nvidia is doing damage control after DeepSeek's AI advance routed the stock
Nvidia (NVDA) addressed its tumbling stock on Monday by saying Chinese artificial intelligence startup DeepSeek will need more of its chips for new models.
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Meet the hedge fund manager who founded DeepSeek, the Chinese AI startup that began as a hobby and is now laying waste to U.S. stocks
Liang Wenfeng started DeepSeek in 2023, aiming to develop artificial general intelligence.
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Dow Industrials’ Resilience in Rout Shows Promise of Cheap AI
(Bloomberg) -- The tech-led rout that gripped US equity markets on Monday left one corner of the market relatively unscathed: the Dow Jones Industrial Average.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Billionaire Developer Caruso Slams LA Leadership Over WildfiresBuoyed by rallies of at least 2.8
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