Nvidia sheds $600 billion in market cap as Chinese AI startup DeepSeek spurs brutal rout of tech stocks
The shocking success of a new model from a mysterious Chinese lab has America questioning its leadership of the sector.
One chart shows that low-income Americans get hit hardest by inflation
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
Trane Technologies (TT) Stock Trades Down, Here Is Why
Shares of HVAC company Trane (NYSE:TT) fell 8.6% in the afternoon session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model that ranks competitively on key global benchmarks, uses less advanced semiconductor chips, costs significantly less to build, and has already achieved strong adoption after topping the iPhone Play Store for AI apps. TT in particular supplies HVAC (heating, ventilation, air conditioni
Portillo's (PTLO) Stock Trades Up, Here Is Why
Shares of casual restaurant chain Portillo’s (NASDAQ:PTLO) jumped 7.8% in the afternoon session after Stifel analyst Chris O'Cull upgraded the stock's rating from Hold to Buy and raised the price target from $13 to $16. The new price target implied a potential 20% upside from where shares traded before the upgrade was announced. O'Cull's optimism stemmed from management's improvement engagement amid efforts to improve traffic trends.
The Nvidia stock rout sent CEO Jensen Huang's net worth plummeting $18 billion
Nvidia (NVDA) CEO Jensen Huang’s net worth plunged $18 billion Monday as the chipmaker’s stock continues to free fall.
Chinese AI startup DeepSeek is rattling markets. Here's what to know
A Chinese artificial intelligence startup is rattling Silicon Valley and Wall Street after it demonstrated AI models on par with OpenAI’s — for a fraction of the cost and energy.
Why AT&T (T) Stock Is Up Today
Shares of telecommunications conglomerate AT&T (NYSE:T) jumped 7.1% in the afternoon session after the company reported fourth-quarter results that beat analysts' EPS expectations. Its revenue also narrowly outperformed Wall Street's estimates based on better postpaid phone net adds and better broadband net adds. Previously-provided 2025 guidance was largely reiterated, which is comforting. Overall, this quarter had some key positives.
Why These AI Power Stocks Plunged on Monday
Shares of nuclear power providers tumbled on Monday as markets reacted to the success of a Chinese startup’s AI model that challenges the performance of the most advanced American models.
What Analysts Think of UPS Stock Ahead of Earnings
United Parcel Service is slated to report fourth-quarter results on Thursday morning, with analysts expecting the company to record a second straight quarter of year-over-year revenue and profit growth.
Why Cryptocurrencies Shiba Inu, Solana, and Cardano Are Falling Today
Cryptocurrencies struggled Monday as tech and artificial intelligence (AI) stocks sold off and with the Federal Reserve's January meeting on the docket this week. Bitcoin, the world's largest cryptocurrency and a bellwether for the sector, traded 4% lower since the late afternoon yesterday, hovering around $99,230. The price of Shiba Inu (CRYPTO: SHIB) traded 6.1% lower as of 12:23 p.m. ET today.