Stock markets are set to open lower, with the Dow, S&P 500, and Nasdaq all indicating declines. Marvell Technology reported fourth-quarter earnings that exceeded estimates, but its stock fell due to disappointing guidance. MongoDB’s shares dropped sharply following a weaker-than-expected fiscal-year outlook, while Broadcom’s stock slumped ahead of its quarterly earnings release.
about Stock Market Declines as Earnings Disappoint and Treasury Yields RiseMarvell Technology, Inc.
0 in Finance and 0 in Crypto last weekMarket Rebounds on Tariff Hopes Despite Ongoing Volatility and Losses
S&P 500 futures remained flat after a market rally driven by hopes for tariff concessions from President Trump. The Dow Jones Industrial Average rose about 485.60 points, while the S&P 500 and Nasdaq also gained, despite a volatile week and ongoing concerns over tariffs and economic pressures. Tech stocks faced declines in after-hours trading, with Marvell Technology dropping over 13% following its earnings report.
about Market Rebounds on Tariff Hopes Despite Ongoing Volatility and LossesDeepSeek AI Disruption Causes Historic Loss for Nvidia and Tech Stocks
DeepSeek, a low-cost Chinese AI startup, has caused a seismic shift in global tech markets, leading to a record $593 billion loss for Nvidia in a single day. The launch of its free AI assistant, which claims to be significantly cheaper and more efficient than existing models, has raised concerns about the future demand for chips and data centers. Major tech stocks, including Broadcom, Microsoft, and Google, also experienced substantial declines as investors shifted towards safer assets amid heightened market volatility.
about DeepSeek AI Disruption Causes Historic Loss for Nvidia and Tech StocksStocks Plunge Amid Concerns Over Chinese AI Advances and Tech Selloff
Stocks plummeted on concerns over China’s advancements in AI, with the Nasdaq down 3% and Nvidia leading a selloff in tech shares, dropping over 15%. Major companies like Oracle and Palantir also saw declines, while AT&T rose 6% after strong earnings. Bitcoin fell to around $99,600, and gold futures dropped 1.5%.
about Stocks Plunge Amid Concerns Over Chinese AI Advances and Tech SelloffChinese AI Startup DeepSeek Shakes US Tech Market with Cost-Effective Model
US stocks plummeted following the revelation of DeepSeek, a Chinese AI startup, which introduced a cost-effective ChatGPT-like model, R1, developed with just $5.6 million in computing power. This advancement raised concerns about the competitive edge of US tech firms, leading to significant declines in major companies like Nvidia and Meta. As investors reassess the landscape, the market’s reaction may reflect a broader unease about the sustainability of US dominance in AI.
about Chinese AI Startup DeepSeek Shakes US Tech Market with Cost-Effective ModelNvidia Leads Market Rally Amid Mixed Signals and Key Earnings Reports
The stock market showed mixed signals last week, with major indexes experiencing losses but rebounding strongly on Friday. Nvidia’s stock surged 5.4%, signaling a strong buy opportunity ahead of CEO Jensen Huang’s keynote at CES 2025, while Tesla faced a 4.9% decline despite record deliveries. Investors are advised to consider new positions cautiously as leading stocks exhibit strength amidst a fluctuating market.
about Nvidia Leads Market Rally Amid Mixed Signals and Key Earnings ReportsStock Market Declines for Fifth Consecutive Day Amid Volatile Trading
U.S. stock indexes closed lower on the first trading day of the year, extending their losing streak to five days, with Apple and Tesla leading the decline. The Dow Jones fell 150 points, while the S&P 500 and Nasdaq also dropped, dimming hopes for a traditional Santa Claus rally. Despite the downturn, analysts remain optimistic about potential gains in 2025, with a projected S&P 500 year-end target of 6,539, suggesting an 11% increase from current levels.
about Stock Market Declines for Fifth Consecutive Day Amid Volatile Trading