Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.
Brian Colello at Morningstar maintained his target price of $130 per share on Nvidia stock following the DeepSeek news. "We doubt the leading cloud vendors and AI builders will pause their plans," he wrote in a note to clients. "We still think tech firms will continue to buy all the GPUs they can as part this AI gold rush."
President Trump will meet with the CEO of chipmaking powerhouse Nvidia on Friday as the White House reportedly mulls tightening chip exports to China, a White House official confirmed to The Hill.
El presidente Donald Trump se reunirá con el director ejecutivo de Nvidia Corp., Jensen Huang, en la Casa Blanca este viernes, según fuentes familiarizadas con los planes, días después de que un nuevo modelo de inteligencia artificial de la empresa china DeepSeek generara preocupación entre los líderes de la industria tecnológica y provocara el desplome del mercado bursátil estadounidense.
The Nasdaq Composite fell 3.1% on Monday, while AI leader Nvidia tumbled 17%. But the reality was, and is, far more complicated. DeepSeek didn’t replicate OpenAI’s ability by spending a few million dollars.
U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China.
JayzTwoCents personally signs a ZOTAC GeForce RTX 5090 graphics card at Micro Center, gets home and sees it up for sale for $5800.
Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.
India's IT minister has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant, likening its frugal approach to his government's efforts to build a localized AI model.
Meta Platforms and most other U.S. stocks are rising, but drops for Nvidia and Microsoft are weighing on the market. The S&P 500 rose 0.1% in midday trading Thursday. The
Most U.S. stocks are ticking higher following a rush of profit reports from some of the country’s most influential companies.