AI-exposed power stocks tumbled alongside a tech sell-off as Chinese startup DeepSeek sparked investor concerns over AI chip spending by US companies.
What Analysts Think of Intel Stock Ahead of Earnings
Intel is expected to report fourth-quarter results after the market closes Thursday, with analysts expecting the chipmaker to swing to a loss.
KuCoin Pleads Guilty in Crypto Case, Agrees to Pay $300 Million
(Bloomberg) -- The cryptocurrency exchange KuCoin pleaded guilty to operating an unlicensed money transmitting business and agreed to almost $300 million in fines and forfeitures, resolving a criminal case after settling similar civil claims in New York more than a year ago.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps
Nvidia is doing damage control after DeepSeek's AI advance routed the stock
Nvidia (NVDA) addressed its tumbling stock on Monday by saying Chinese artificial intelligence startup DeepSeek will need more of its chips for new models.
Meet the hedge fund manager who founded DeepSeek, the Chinese AI startup that began as a hobby and is now laying waste to U.S. stocks
Liang Wenfeng started DeepSeek in 2023, aiming to develop artificial general intelligence.
Crypto funds record nearly $2 billion in inflows after Trump signs crypto executive order
The global crypto market cap is currently sitting at $3.4 trillion.
Standard Chartered: 'Buy the dip' as bitcoin sinks below $100,000
The bank released a new research note highlighting bitcoin's recent price slide as a potential investment opportunity, while also suggesting an examination of altcoins.
Pro-crypto voices highlight risks of Trump family crypto projects
Trump meme coins have reignited concerns around how prominent celebrities leverage influence for personal financial gain, one expert notes.
Dow Industrials’ Resilience in Rout Shows Promise of Cheap AI
(Bloomberg) -- The tech-led rout that gripped US equity markets on Monday left one corner of the market relatively unscathed: the Dow Jones Industrial Average.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Billionaire Developer Caruso Slams LA Leadership Over WildfiresBuoyed by rallies of at least 2.8
Why Apple Stock Dodged the DeepSeek AI Rout
Shares of Apple charged higher on Monday, bucking the trend as its large-cap tech peers tumbled on concerns about overspending on AI.