Dow Jones futures fell Sunday night, along with S&P 500 futures and especially Nasdaq futures, amid concerns over AI progress from China's DeepSeek. Nvidia, Broadcom, Meta and several other AI-related stocks were indicated lower overnight.
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
Dow Jones Futures fall amid concerns over DeepSeek's potential impact on Nvidia's dominance, with tech giants' earnings reports on the horizon
The surge in Chinese AI chat assistant DeepSeek to the top of the Apple app charts couldn’t have been better timed to put pressure on the biggest U.S. technology companies. Four of the Magnificent Seven companies–the tech titans that powered huge gains in stock indexes over the past two years–report earnings this week.
The concerns over U.S. tech stocks come during a week when many of the sector's key companies will report earnings. Meta, Microsoft, Apple and Tesla will all post results. Outside of tech, other major companies reporting include General Motors, Boeing, Starbucks, Comcast, Chevron and Exxon Mobil. Here are the key results to watch this week:
Meta's AI chatbot is under scrutiny for incorrectly identifying the U.S. president. Despite Donald Trump's inauguration this week, the chatbot continued to name Joe Biden as president. Meta initiated emergency troubleshooting to resolve the issue,
The second busiest week of earnings season includes four of the Magnificent 7. Chair Powell’s comments will be more important for markets than the Fed's rate decision.
Texas Instruments falls after the chip maker’s first-quarter earnings forecast misses estimates, Boeing declines after revealing it expects to post a wider fourth-quarter loss because of strikes at the aerospace giant,
Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, and earnings from Tesla, Meta, Microsoft, Apple and more.
The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The Dow, S&P 500, and Nasdaq gained 3.7%, 2.9%, and 2.5% this week, respectively,
Musk is the richest person in the world with a net worth of $449 billion, according to the Bloomberg Billionaires Index. He sat alongside Zuckerberg and Bezos, cheering Trump on during his inaugural speech.