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.
The US Commerce Department is reportedly investigating whether Chinese AI company DeepSeek has used restricted American-made chips, according to Bloomberg and Reuters, citing sources familiar with the matter. Current rules prevent advanced AI processors, including those from Nvidia Corp (NASDAQ:NVDA, ETR:NVD), from being shipped to China.
Sources tell Bloomberg that US officials are probing whether Chinese startup DeepSeek bought advanced Nvidia semiconductors through third parties in Singapore. As Tom Giles reports, that move would have circumvented Washington's restrictions on sales of chips used for AI tasks.
Larry Tentarelli, Blue Chip Daily Trend Report, joins 'Fast Money' to give the technical take on Nvidia and Starbucks.
Two U.S. Congress members are calling on President Donald Trump's administration to consider restricting the export of artificial intelligence chips made by Nvidia, alleging Chinese AI firm DeepSeek has relied on them.
It's been a rough week for the AI chip leader.
Ben Inker, GMO co-head of asset allocation, joins 'Power Lunch' to discuss evaluating the equity risk premium and the value versus growth plays.
Jerry Sneed says the market is relearning how A.I. works following the DeepSeek chaos.
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Chinese AI lab DeepSeek sent a shockwave through the tech sector this week after releasing its R1 large language model (LLM) that was faster, more efficient, and cheaper to train and run than existing models, even though it used underpowered A800 chips from Nvidia (NASDAQ:NVDA).
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's trimming Nvidia
With the recent sell-off in the tech sector and the significant losses faced by tech giants, diversifying away from tech companies becomes a smart strategy. Look at ETFs to diversify your portfolios.