World’s richest people lose $108 billion after DeepSeek selloff
Tech-sector titans as a group saw $94 billion of wealth evaporate. Read More
Tech-sector titans as a group saw $94 billion of wealth evaporate. Read More
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A young Chinese AI startup, DeepSeek, sparked a massive rout in U.S. technology stocks Monday as its highly competitive — and potentially shockingly cost-effective — models stoked doubts about the hundreds of billions of dollars that America’s biggest tech companies are spending on artificial intelligence. DeepSeek’s emergence is shaking up investor confidence in the AI … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks tanked Monday as Chinese startup DeepSeek’s lower-cost AI model sent shockwaves through the tech sector. Semiconductor stocks led the decline with Nvidia and Broadcom both dropping 13%. Investors … Read more
U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off. Shares of chip designer Nvidia, a huge beneficiary of the AI hype, were down 9.84% at 05:11 a.m. ET ahead of the market open. Netherlands-based chip companies ASML … Read more
Both assets have been accused of having their value be disconnected from their financial performance. Read More
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away. “I’m … Read more
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana faces a whale sell-off, XYZVerse is emerging as a top contender, with predictions of a massive rally in 2025. Solana is experiencing a notable sell-off from major investors, indicating a possible shift … Read more
Finance chiefs are feeling optimistic, but a corner of the derivatives market—known colloquially as “crash protection”—may be telling a more complicated story. Read More