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."
The biggest market loss in history happened, with Nvidia stock dropping 17%—and the entire internet thought this was hilarious.
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.
US officials are probing whether Chinese AI startup DeepSeek bought advanced Nvidia Corp. semiconductors through third parties in Singapore, circumventing US restrictions on sales of chips used for artificial intelligence tasks, people familiar with the matter said.
Nvidia's stock underperforms due to a $6M open-source threat. Learn why NVDA stock faces risks from high valuation and rising competition in AI technology.
Timothy Arcuri, an analyst at UBS, said: “The sheer magnitude of the moves in stocks like Nvidia, Broadcom and Marvell [on Monday] strike us as overdone and may generally look like a buying opportunity in hindsight once the dust settles.”
DeepSeek just shook up the artificial intelligence (AI) world in the biggest way since OpenAI launched ChatGPT in late 2022. The Chinese company's new R1 large language model (LLM) reportedly matches or beats OpenAI's o1 model on some benchmarks.
US chipmaker Nvidia has suffered the largest stock market slump in history after the emergence of an advanced Chinese artificial intelligence (AI) model raised doubts about its technology...
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. stocks recovered some ground Tuesday morning after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.
Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any breaking news developments
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback