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Stock market today: Nasdaq sinks, S&P 500 tumbles as AI fears rock tech stocks

A Chinese startup's promise of cheaper AI has rattled faith in the growth prospects for tech stocks.

Tiny Technology Stocks Surge After Seizing on DeepSeek Model

(Bloomberg) -- Two small technology stocks are surging Monday, bucking the broader market’s selloff, after announcing plans to use DeepSeek’s large language model in their businesses. 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 WildfiresAurora M

Funtico Launches $TICO Token to Support Gaming Ecosystem

New York, New York, January 27th, 2025, Chainwire Funtico, the full-stack, chain agnostic Web3 gaming platform, announced the launch of its Token Generation Event (TGE), bringing...

The trucking market is still headed in the right direction

Chicago and Dallas tender rejections still exceed 7%. The post The trucking market is still headed in the right direction appeared first on FreightWaves.

Tech stocks shake as a Chinese competitor threatens to topple their AI domination; Nvidia down 13%

Wall Street's superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy that's helped them make so much money. Big Tech stocks took some of the heaviest losses, with Nvidia down 13%, and they dragged the Nasdaq composite down 2.7%. The Dow has much less of an emphasis on tech than the S&P 500 and Nasdaq.

Aspen Technology Stock Hits All-Time High as Emerson Buys Remaining Shares

Emerson Electric said it will buy all the remaining shares of Aspen Technology it doesn't already own for about $7.2 billion in an all-cash deal.

China's DeepSeek sparks AI market rout

Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centres. Chip maker ASML down 8.9%, and Siemens Energy, which provides electric hardware for AI infrastructure, slid around 20%. - Japan's Nikkei shed nearly 1%, weighed on by heavyweight tech names.

Staples, Healthcare Stocks Rise as Tech Shares Start Week In Retreat

Stocks started the week lower, pulled downward by investors' worries about the health of the AI trade. Under the hood of the S&P 500, though, there was still green to be seen.

Nasdaq drops 3% as China's AI push rattles Big Tech

The S&P 500 and the Nasdaq hit over one-week lows 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. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centers. Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks dropped 6.5%.

The Nasdaq sinks more than 500 points as a China AI threat sparks a huge tech stock sell-off

The tech-heavy Nasdaq slipped 2.8% Monday morning as a perceived threat from Chinese artificial intelligence startup DeepSeek prompted a global sell-off of tech stocks.

DeepSeek's 'Sputnik moment' sparks rout in AI-linked stocks

LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on dominance of U.S. companies in this sector. Tech-heavy Nasdaq slid 3.1%, while the S&P 500 dropped 1.8%. Dominant AI chipmaker Nvidia slumped 11% in early trading, leading losses among heavyweight tech stocks that had powered Wall Street's main indexes to record levels.