Yahoo Finance covers the top three market stories that are captivated headlines this week, in case you missed it: China’s introduction of DeepSeek, a Chinese startup that launched a reportedly cost-effective artificial intelligence (AI) chatbot, sent ripples through Wall Street. For further insights, check out the stories below: – China’s DeepSeek sparks Big Tech sell-off…
In January 2017, Sergey Brin rallied beside progressive activists at San Francisco International Airport to protest Donald Trump’s travel ban. Eight years later, the Google co-founder sat with right-wing nationalists at Trump’s second inauguration. Brin is far from the only tech mogul who has (apparently) warmed to Trump in recent years. Mark Zuckerberg once bankrolled…
As Donald Trump settles back into the White House for a second term and the rest of the world readies itself for a reprisal of US threats and transactionalism, Southeast Asia has been put on notice where it stands with Washington. A day after he was sworn in on January 21, US Secretary of State…
When it comes to AI, I’d consider myself a casual user and a curious one. It’s been creeping into my daily life for a couple of years, and at the very least, AI chatbots can be good at making drudgery slightly less drudgerous. But whenever I start to feel convinced that tools like ChatGPT and…
China is making enormous progress in the development of artificial intelligence technology, and it has set off a political and economic earthquake in the West. The stocks of US Big Tech corporations crashed on January 27, losing hundreds of billions of dollars in market capitalization over the span of just a few hours, on the…
Nasdaq futures climbed on Wednesday as upbeat ASML (ASML) orders buoyed chip stocks, but the broader mood was muted ahead of the first Big Tech earnings and the Federal Reserve’s rate decision. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, on the heels of a sharp closing gain. Meanwhile, S&P 500 futures (ES=F) wobbled…
US stocks are re-finding their footing Tuesday morning after yesterday’s tech sell-off fueled by the release of DeepSeek’s new AI model. Seana Smith and Brad Smith cover all that and more on today’s episode of The Morning Brief. T. Rowe Price’s Global Technology Fund portfolio manager Dom Rizzo speaks on what this sell-off event may…
DeepSeek just sent shockwaves through the AI world. The Chinese startup’s flagship model, DeepSeek-R1, has skyrocketed to the No. 1 spot on the U.S. Apple App Store, dethroning OpenAI’s ChatGPT. What’s more shocking? It did so while operating on older, less powerful Nvidia (NASDAQ:NVDA) chips and a fraction of the budget. DeepSeek-R1 isn’t just competingit’s…
In This Story Nvidia (NVDA-16.95%) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China. How Nike’s new CEO plans to revive the struggling sportswear giant Shares of the AI chipmaker were up 2% in pre-market trading, after closing…
Nasdaq and S&P 500 futures edged up on Tuesday, following a steep stock sell-off spurred by concerns of over-confidence in Big Tech’s potential payoff from investments in AI. Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting where the impact…