Why DeepSeek's AI Model Has Wall Street Bullish on Software Stocks
Chinese startup DeepSeek’s super-efficient open-source AI model may have sunk some of Wall Street’s favorite AI stocks on Monday, but it may have also crowned some new favorites.
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US stocks, Nvidia recover slightly after China's DeepSeek AI brought steep losses
U.S. stocks recovered some ground on Tuesday after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.
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Littelfuse’s (NASDAQ:LFUS) Q4 Sales Top Estimates
Electronic component provider Littelfuse (NASDAQ:LFUS) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $529.5 million. The company expects next quarter’s revenue to be around $535 million, close to analysts’ estimates. Its non-GAAP profit of $2.04 per share was 1.1% below analysts’ consensus estimates.
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Why DeepSeek is excellent news for the U.S. stock market
The broader accessibility of efficient AI models like DeepSeek will benefit the market as a whole.
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Dollar Jumps to Cement Place as Market’s Favorite Tariff Trade
(Bloomberg) -- The US dollar is once again showing off how it’s become a popular way to trade tariff threats, rallying after President Donald Trump said he favors imposing “much bigger” levies than had been suggested by one of his top officials.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersNYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineNewsom Enlists Magic Johnson, Guggenheim CEO
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China's new stealth fighter spooks Wall Street about Lockheed Martin's F-35
Wall Street analysts worry that new Chinese stealth aircraft could persuade the US to buy fewer of Lockheed Martin's F-35 stealth fighters.
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Stock market today: Nasdaq jumps to chip away at DeepSeek-fueled rout as Nvidia surges nearly 9%
Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting
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AI-exposed power stocks rebound after DeepSeek release casts 'uncertainty' over industry
AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of lower-than-expected energy demand.
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Starbucks (NASDAQ:SBUX) Exceeds Q4 Expectations
Coffeehouse chain Starbucks (NASDAQ:SBUX) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $9.40 billion. Its GAAP profit of $0.69 per share was 3.7% above analysts’ consensus estimates.
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Manhattan Associates (NASDAQ:MANH) Posts Better-Than-Expected Sales In Q4 But Stock Drops 15.3%
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 7.4% year on year to $255.8 million. On the other hand, the company’s full-year revenue guidance of $1.07 billion at the midpoint came in 6.3% below analysts’ estimates. Its non-GAAP profit of $1.17 per share was 10.4% above analysts’ consensus estimates.
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AI Stocks Rebounded Tuesday—But There's Some Wariness Out There About What's Next
Investors piled back into Nvidia and other U.S. AI stocks Tuesday, although recent volatility had some on Wall Street tempering their expectations.
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Qorvo (NASDAQ:QRVO) Surprises With Q4 Sales, Stock Jumps 14.9%
Communications chips maker Qorvo (NASDAQ: QRVO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 14.7% year on year to $916.3 million. Guidance for next quarter’s revenue was better than expected at $850 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $1.61 per share was 33.2% above analysts’ consensus estimates.
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CrowdStrike Stock Hits Record High Following DeepSeek Cyberattack
CrowdStrike Holdings was recently the Nasdaq's best-performing stock as it and other cybersecurity companies got a boost after Chinese artificial intelligence startup DeepSeek reported a cyberattack.
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The Nasdaq soars 400 points as Nvidia stock rebounds from the DeepSeek crash
The Nasdaq and other major indexes rebounded on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday, regained more than 7% in the rebound.
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BlackRock’s spot Ether ETF clocks $60.3M inflows, the highest in 94 days
BlackRock, the world’s largest asset manager, has seen the highest daily inflows into its spot …
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