Tech stocks tumbled. Giant companies like Meta and Nvidia faced a barrage of questions about their future. And tech executives took to social media to proclaim their fears. And it was all because of a little-known Chinese artificial intelligence start-up called DeepSeek. DeepSeek caused waves all over the world on …
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI’s coveted spot as the most-downloaded free app in the U.S. on Apple‘s App Store, dethroning ChatGPT for DeepSeek’s AI Assistant. Global tech stocks sold off and were on pace to wipe out billions in market cap. Later on Monday, …
Good morning on this action-packed Monday. Mark this week on your “History of Artificial Intelligence Timeline”: The creation of DeepSeek, the Chinese A.I. sensation that we told you about last week, is shaking the technology industry to its core. The super-efficient, open-source software is raising questions about the valuations of …
When we talk during the 9 a.m. ET hour of CNBC’s “Squawk on the Street,” the morning show I love so much, there’s never time to flesh things out. We hit topic after topic: bang, bang, bang. Occasionally, though, Carl Quintanilla will serve it up, I’ll lob it back, and …
The first trading week of President Donald Trump’s second term was positive for all three major averages, as investors cheered the incoming administration’s pro-business policies and corporate earnings largely came in stronger than expected. The S & P 500 and Nasdaq each rose about 1.7%, while the Dow climbed 2.2%. …
Scuttlebutt investing, and buy and homework – two sayings coined by famous investors Philip Fisher and, of course, our own Jim Cramer. They stress the importance of knowing what you are investing in. There are many ways of going about doing the research/homework on the stocks in your portfolio. The …
The Magnificent Seven companies reporting in the week ahead could unlock the next leg of the rally, as investors bet that earnings growth fueled by artificial intelligence could power a market some worry has gone to excess. The Federal Reserve will also hold its January meeting, with key inflation data …
During the January Monthly Meeting on Thursday, I looked at catalysts in the year ahead for all 33 stocks in my Charitable Trust, the portfolio we use for the Club. These are specific long-term catalysts — say, six months to a year — that I expect to happen. If there …
My top 10 things to watch Wednesday, Jan. 8 1. Did Club stock Nvidia deserve to fall so much? While stable early Wednesday, Nvidia shares closed down more than 6%. The AI chipmaker did not guide up much as some were hoping but that really wasn’t the point of CEO …
AI chip giant Nvidia’s blistering growth in recent years has sprung from the data center. On Monday night, CEO Jensen Huang made the case that Nvidia’s next wave of expansion will encompass much more — stretching from the warehouse floor to city streets and beyond. Huang’s slate of announcements and …