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.
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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.
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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.
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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.
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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%.
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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.
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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.
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DeepSeek sell-off reminds investors of the biggest earnings story holding up the stock market
Big tech's rapid earnings growth finally slowing has been a risk to the market strategists have been talking about for more than a year.
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Nvidia, chip stocks plummet amid market sell-off as DeepSeek prompts questions over AI spending
Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.
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Twilio, Qorvo upgraded: Wall Street's top analyst calls
Twilio, Qorvo upgraded: Wall Street's top analyst calls
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A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging
US stocks were set for a steep selloff Monday morning after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry.
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Movemaker: Aptos Growing Chinese-Speaking Region with Multi-Million-Dollar Support via its Official Community
Hong Kong, Hong Kong, January 27th, 2025, Chainwire The Aptos Foundation proudly announces the establishment of Movemaker, its official community organization. Co-initiated by...
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A ‘Life-saving’ Election Result for Jews Who Care About Israel
President-elect Donald Trump’s victory in the 2024 presidential election was a “life-saving” victory for Jews …
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Nvidia, TSMC, ASML Among Tech Stocks Sinking on DeepSeek Threat
A slew of artificial intelligence stocks, including chip maker Nvidia, are tumbling in intraday trading Monday after Chinese startup DeepSeek released a cutting-edge AI model that runs on less-advanced chips and at a lower cost than U.S. rivals like OpenAI.
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