Monthly Archives: February 2025
China’s DeepSeek Triggers Nasdaq Plummet
Written on February 3, 2025 at 4:42 am, by
Market Summary The Nasdaq experienced a significant sell-off in the last session, plunging over 600 points (3%) amid concerns about competition from China’s DeepSeek. This open-source AI model, positioned as a cost-efficient alternative to U.S.-developed models like OpenAI’s ChatGPT, has fueled market apprehensions about its potential disruption to the tech sector. Adding to the bearishContinue Reading
China’s DeepSeek Triggers Nasdaq Plummet
Written on February 3, 2025 at 4:42 am, by
Market Summary The Nasdaq experienced a significant sell-off in the last session, plunging over 600 points (3%) amid concerns about competition from China’s DeepSeek. This open-source AI model, positioned as a cost-efficient alternative to U.S.-developed models like OpenAI’s ChatGPT, has fueled market apprehensions about its potential disruption to the tech sector. Adding to the bearishContinue Reading
Gold Rallies to Zenith Amid Uncertainty
Written on February 3, 2025 at 4:40 am, by
Market Summary This week, the financial market remains focused on the U.S. dollar, which has been heavily influenced by Donald Trump’s statements and proposed tariff policies. The president-elect recently threatened Columbia with high tariffs over immigration issues, adding support to the dollar’s strength. Meanwhile, attention is on Wednesday’s FOMC interest rate decision, with the marketContinue Reading
