Stock Market Data US Markets, World Markets, and Stock Quotes
Stock Market Data US Markets, World Markets, and Stock Quotes
More than 80% of stocks in the Nasdaq 100 retreated in Monday’s premarket, highlighting a significant downturn in tech stocks. The index fell over 4%, with key players like Marvell Technology, Broadcom, Constellation Energy, and Nvidia each suffering losses of more than 11%. The stock market showed mixed results on Monday, with the S&P 500 down 1.7% despite 324 members rising. The selloff was largely driven by a decline in stocks tied to the artificial intelligence sector, with the tech-heavy index hit hard. Recent comparative research shows that countries can pay a high price for populist economic policies.
Apple outperforms amid tech sell-off
Although it’s unclear how much High-Flyer has invested in DeepSeek, the hedge fund’s presence in the same office building as DeepSeek and ownership of patents related to AI chip clusters suggest a close partnership. High-Flyer’s AI unit reported owning a cluster of 10,000 A100 chips as of July 2022, further solidifying its commitment to advancing AI technology. The release came just a month after DeepSeek announced that training its latest AI model cost a fraction of what OpenAI spent on its GPT model.
- Stocks edged 0.1% lower in Shanghai after a survey of manufacturers showed export orders in China dropping to a five-month low.
- But this isn’t just another Q&A series, we took those answers and transformed them into art – using AI, of course.
- A surge in DeepSeek’s popularity has spurred investors to question bets that AI demand-driven growth will keep fueling gains for stocks.
- He was subsequently elected a record four times, thanks to his New Deal policies for dealing with the crisis.
- AI bellwether Nvidia’s shares plunged nearly 17% as chip-related names took a bruising.
- When asked President Trump said he supports an across-the-board tariff of “much bigger” than that level.
And on Wall Street, Constellation Energy lost more than a fifth of its value, 20.8%. The company has said it would restart the shuttered Three Mile Island nuclear power plant to supply power for data centers for Microsoft. In Tokyo, Japan’s Softbank Group Corp. lost 8.3% to pull closer to where it was before leaping on an announcement trumpeted by the White House that it was joining a partnership to invest up to $500 billion in AI infrastructure. Meanwhile, the Federal Reserve will hold its first policy meeting of 2025 this week, with officials already on watch for quick-fire moves by Trump that could pose challenges to the central bank. The president has called for the Fed to lower interest rates, signaling a coming clash with policymakers, who begin their two-day gathering on Tuesday. Please bear with us as we address this and restore your personalized lists.
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- In the background, trade war concerns revived during a face-off between President Donald Trump and Colombia over the weekend.
- Oracle and SoftBank, which were part of a $500 billion deal President Donald Trump announced last week to build more AI infrastructure, also dropped.
- Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.
- The release came just a month after DeepSeek announced that training its latest AI model cost a fraction of what OpenAI spent on its GPT model.
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The company gained significant attention when it revealed that training DeepSeek-V3 required under $6 million in computing power, utilizing Nvidia’s H800 chips. This announcement has raised questions about the vast investments U.S. tech companies are making in AI, especially as shares of industry giants like Nvidia have seen declines. DeepSeek’s rise threatens to disrupt the global technology landscape, challenging the dominance of U.S. firms in the field. Losses deepened on Monday as Nvidia (NVDA), a key player in the AI sector, saw a dramatic 17% drop, leading a broader market sell-off. The downturn was sparked by concerns over a new AI model from Chinese startup DeepSeek, which raised questions about the future of AI investment and the emergence of more cost-efficient artificial intelligence technologies.
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That’s why many 401(k) holders felt the pain of Nvidia’s drop, even if they didn’t know they owned any Nvidia, so long as they owned a fund that tracks the S&P 500. DeepSeek’s disruption nevertheless rocked AI-related stocks worldwide. Big Tech earnings season kicks off this week, highlighted by results from Apple, Tesla (TSLA), Meta, and Microsoft.
Nasdaq, S&P 500 battered over AI fears as Nvidia wipes out record $589 billion in market value
Shares of Nvidia, the chip company whose AI technology has made it into one of the world’s most valuable companies, dropped more dowmarkets than 13% by late morning on Monday. Rival chip companies, including Arm and Broadcom, also plunged, dragging down the major indexes. The tech-heavy Nasdaq fell almost 600 points, or nearly 3%, by late morning. Many investors are currently quite nervous about a possible recession after the long bull market of the last few years.
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His reaction to the crash (when share values fell dramatically) was to do nothing in the belief that the economy would eventually recover on its own. This cost him the 1932 presidential election when Democrat Franklin D. Roosevelt was elected for the first time. He was subsequently elected a record four times, thanks to his New Deal policies for dealing with the crisis.
There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever amid panic over DeepSeek. “DeepSeek is a word you’ve heard all weekend, and you’ll hear all day today,” Jeff Kilburg, the CEO of KKM Financial, told CNBC on Monday.