Wall Street was set to drop at the open on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.
Investors shouldn't underestimate the power of momentum. And two kinds of stocks have plenty of momentum these days: mega-cap monsters with market caps of $200 billion or more and stocks with a major focus on artificial intelligence (AI).
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.
Dan Ives is not alone in selecting Nvidia as a top stock pick for 2025. Harsh Kumar at Piper Sandler recently wrote, "We are making Nvidia our top large-cap pick given the company's dominant position in AI accelerators and the upcoming launch of the Blackwell architecture."
Chinese AI DeepSeek rattles Silicon Valley. Meta offering creators deals to promote Instagram on other apps: report. Diversified Energy nears $1.3B deal for Permian Basin natural gas player.
Meta Platforms and Salesforce have seen their share prices increase 350% and 115%, respectively, in the last two years. Meta Platforms is using artificial intelligence to better engage users across its industry-leading portfolio of social media properties.
Wall Street tech stocks were headed for a $1tn sell-off on Monday, following advances by Chinese artificial intelligence start-up DeepSeek that raised doubts over whether the US can maintain its lead in AI. Futures linked to the Nasdaq 100 were down 3.9 per cent ahead of the New York open, a move that would wipe $1.04tn from the tech-heavy index.
We recently published a list of 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Apple Inc.
Expect questions about Fed independence at the chairman's Q&A. Apple, Microsoft, Met and Tesla report results. Alphabet may be sitting on an Nvidia rival.
We recently published a list of 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against other AI stocks making waves on Wall Street.
Let's take a look at what these Wall Street heavyweights have to say about BigBear.ai Holdings, Inc. (BBAI) before we discuss the reliability of brokerage recommendations and how to use them to ...