Month: January 2025
Tom Lee says this is the worst market overreaction since 2020 pandemic outbreak
Fears around the future of the artificial intelligence trade pushed Nvidia shares down by nearly 17% on Monday and weighed on the stock market – but investors seem to be overreacting, according to Tom Lee, head of research at Fundstrat Global Advisors. Chinese AI startup DeepSeek spurred a sell-off on Monday. The company last month […]
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DOJ fires officials involved in Trump prosecutions by special counsel Jack Smith
James McHenry testifies before the Senate Judiciary Committee in the Hart Senate Office Building on Capitol Hill July 31, 2018 in Washington, DC. Chip Somodevilla | Getty Images The Department of Justice on Monday fired a number of officials involved in the now-terminated federal criminal prosecutions of President Donald Trump by former special counsel Jack […]
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Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit. Leigh Vogel | Getty Images Entertainment | Getty Images Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief, wrote in a memo to employees posted […]
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Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia lost close to $600 billion in market cap […]
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Power stocks plunge as energy needs called into question because of new China AI lab
The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open-source AI laboratory led investors to question how much energy artificial intelligence […]
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Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.’s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms. Annabelle […]
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Trump plans executive orders on military related to DEI, transgender troops and vaccines
U.S. President Donald Trump signs documents as he issues executive orders in the Oval Office at the White House on Inauguration Day in Washington, U.S., Jan. 20, 2025. Carlos Barria | Reuters President Donald Trump is expected Monday to sign multiple executive orders aimed at reversing Biden-era military policies on Covid-19 vaccination, transgender servicemembers, and […]
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These stocks are expected to move the most during this big earnings week
Stocks such as Tesla , Wolfspeed and Starbucks could make the biggest moves after reporting earnings this week. The upcoming days are key for quarterly results from megacap technology and semiconductor stocks, which are taking a sizable breather on Monday amid the DeepSeek-fueled tech meltdown . Many nontech players across retail, pharmaceuticals and materials are […]
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We’re trimming a 2025 top gainer, taking profits on the market’s rotation into health stocks
We are selling 75 shares of GE Healthcare at roughly $90 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 900 shares of GEHC, decreasing its weighting to about 2.25% from 2.42%. We’re taking advantage of the market’s rotation into health-care stocks by locking in profits in GE Healthcare. Following an up-and-down 2024, GE […]
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How U.S. efforts to restrict China from Nvidia’s fastest chips may have backfired
DeepSeek’s rattling of the artificial intelligence market has been several years in the making, with analysts viewing the Chinese company’s shocking advance in the field as an unintended consequence of U.S. trade policy. Starting under the Biden administration in 2022, the U.S. has imposed export controls to keep China from accessing high-performance semiconductors, primarily from […]
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