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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Why Apple Stock Dodged the DeepSeek AI Rout
Shares of Apple charged higher on Monday, bucking the trend as its large-cap tech peers tumbled on concerns about overspending on AI.
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The Dow's Having a Decent Day, Actually—Even With Nvidia's Drop
There's plenty of red to be found on traders' screens today, with the S&P 500 and the more tech-focused Nasdaq Composite dropping sharply. The Dow, on the other hand, is holding up.
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Four Policy Changes Trump Can Adopt to Make the U.S. Economy Great Again
What the Trump Victory Means for Our Economy The decisive election of Donald Trump to …
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Creditcoin Launches $10M Ecosystem Investment Program to Accelerate Web3 Innovation
Delaware, USA, January 27th, 2025, Chainwire Creditcoin, the foundational L1 blockchain revolutionizing real-world asset financing, announced the launch of its $10M Creditcoin...
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Bybit Introduces Blockchain-Powered Payment Solution in Brazil with PIX Compatibility
Dubai, United Arab Emirates, January 27th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay in Brazil,...
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Nvidia sheds $600 billion in market cap as Chinese AI startup DeepSeek spurs brutal rout of tech stocks
The shocking success of a new model from a mysterious Chinese lab has America questioning its leadership of the sector.
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Sol Global Provides Corporate Update and Roadmap for Future Investments in Solana Ecosystem
Toronto, CA, January 27th, 2025, Chainwire SOL has secured $14M in New Funding with $10M Dedicated to Additional Purchases of Solana SOL Global Investments Corp. (CSE: SOL) (FSE:...
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