Nasdaq 100 drops 3% as AI disruption raises fears of overvaluation. Traders reassess portfolios, seeking opportunities beyond megacap tech stocks.
Nvidia staged a moderate rebound on Tuesday, rising as much as 3%, following a 17% drop the prior day. More broadly, major US indexes rallied after the S&P 500 and Nasdaq 100 saw sharp losses on Monday amid concerns over the Chinese AI firm DeepSeek's rapid and seemingly cost-effective advances.
U.S. stocks in the technology-heavy Nasdaq-100 index were rising Tuesday, with a popular exchange-traded fund that tracks the index getting a sharp lift from Big Tech stocks, in particular. The Invesco QQQ Trust Series I was up 1.
Nvidia, S&P 500, and Nasdaq erase earlier gains as AI fears persist. Investors brace for earnings and Fed signals amid volatile market conditions.
The S&P 500 advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Technology Select Sector SPDR Fund (XLK) rose more than 2%, following a 4.9% loss on Monday. The Nasdaq Composite surged 2.03% to 19,733.59, following a 3.1% decline a day ago.
S&P 500 futures are gaining 0.1%. Dow Jones Industrial Average futures are down 0.1%. Nasdaq 100 futures are up 0.4%. On Monday, the Dow Jones Industrial Average rose 289 points, or 0.65%, to 44,714,
DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.
While two Nasdaq-100 members stand out for all the right reasons and have ... Meta Platforms is spending approximately $10.5 billion to purchase 350,000 graphics processing units from Nvidia for its AI-accelerated data center. We're already witnessing ...
Wall Street had a rough start to the week after a cheap artificial intelligence-model unveiled by a Chinese start-up shook markets.
Explore the two reasons why the Nasdaq 100 and S&P 500 indices have crashed this week, including the Fed decision and DeepSeek succes
Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 14 per cent on Germany’s Tradegate on Monday. The [...]
Nvidia (NASDAQ:NVDA) and other chip stocks are gaining in premarket trading Tuesday, poised to recover some of the losses from Monday’s sharp sell-off.