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.
Tech giants Meta Platforms META and Microsoft MSFT will highlight this week’s earnings lineup which also includes results from EV leader Tesla TSLA. Scheduled to release their quarterly results on Wednesday,
Jan. 27, 12:30 p.m. ET U.S. stocks got walloped Monday: The S&P 500 was down about 2% at 12:30 p.m. EST, and the tech-heavy Nasdaq sank 3%, heading toward its worst percentage loss since Dec. 18 and third-worst day of the last two years.
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.
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 Sev
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,
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Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, and earnings from Tesla, Meta, Microsoft, Apple and more.
Stock futures were slipping Friday after the S&P 500 set its first record close of 2025.These stocks were poised to make moves Friday:Texas Instruments was down 4.5% after the chip company reported fourth-quarter earnings and revenue that beat analysts’ estimates but issued weak profit guidance for the current first quarter.
Losses accelerated on Monday as AI bellwether Nvidia ( NVDA) dropped more than 17%, leading a sell-off across the broader market after a new AI model from China's DeepSeek raised questions about AI investment and the rise of more cost-efficient artificial intelligence agents.
The S&P 500 dropped 1.5 percent, dragged down in large part by a 16.9 percent fall for Nvidia. Other Big Tech stocks also took heavy losses.
US stocks opened lower after Chinese startup DeepSeek's AI model shows AI can be built cheaply. That sparked fears AI spending will stall.