DeepSeek fuels Chinese tech stock rally as valuation gap narrows vs ‘Magnificent Seven’

DeepSeek fuels Chinese tech stock rally as valuation gap narrows vs ‘Magnificent Seven’

The success of Chinese artificial intelligence (AI) start-up DeepSeek is prompting investors to reassess the nation’s technology companies that trade at half of the valuation of the ‘Magnificent Seven’ US tech giants. The Hang Seng Tech Index, whose biggest members include Tencent Holdings, Alibaba Group Holding and Xiaomi, approached a four-month high on Thursday, after…

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DeepSeek Undermines Robust Earnings And Economic Growth

DeepSeek Undermines Robust Earnings And Economic Growth

Despite overall better earnings and resilient U.S. economic growth, the announcement of DeepSeek … [+] development and President Trump’s threatened tariffs against China, Canada, and Mexico caused crosscurrents in the markets. There remain many unanswered questions about DeepSeek, but there are some crucial investment implications of the technology regardless of the issues. (Photo illustration by…

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Stock Market News for Jan 30, 2025

Stock Market News for Jan 30, 2025

U.S. stocks ended lower on Wednesday, but off their lows, after the Federal Reserve left interest rates unchanged in its first policy meeting of the year. All three major indexes ended in negative territory. The Dow Jones Industrial Average (DJI) slid 0.3% or 136.83 points, to end at 44,713.52. The S&P 500 declined 0.5% or…

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