Zuckerberg anticipates that Meta's AI assistant will serve more than 1 billion people in 2025, up from approximately 600 million monthly active users in 2024. Meta Platforms has announced plans to invest up to $65bn this year to expand its artificial intelligence (AI) infrastructure.
KEY TAKEAWAYS A slew of artificial intelligence stocks, including chip maker Nvidia, are tumbling in premarket trading Monday after Chinese startup DeepSeek released a cutting-edge AI model that runs on less-advanced chips and at a lower cost than U.
Nasdaq 100 futures tumbled 3.9%. Those are off their worst levels.The 10-year Treasury yield tumbled to 4.52%.A China manufacturing index unexpectedly fell 1 point to 49.1, back below the neutral 50-day level.
Nvidia Corp. ( NVDA, Financials) shares fell 1.78% on Friday, closing at $144.60 as of 11:55 am GMT-5. The fall followed a statement by Meta Platforms ( META, Financials) CEO Mark Zuckerberg on the major AI investment plan of the business.
Meta Platforms CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center, but Nvidia dipped slightly. Read more here.
If the stock is unable to hold that critical $130 price, a new phase of short-term trading patterns will begin, taking NVIDIA to a target price of $120. That would also form a short-term bearish pattern of lower highs and lower lows for NVIDIA stock.
The company plans to spend up to $65 billion on infrastructure for AI in 2025, and is planning a data center with a footprint almost as large as Manhattan.
Dow Jones Futures fall amid concerns over DeepSeek's potential impact on Nvidia's dominance, with tech giants' earnings reports on the horizon
Nvidia Corp. and ASML Holding NV shares plunged early Monday as Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots at a fraction of the price.
One Analyst Firm Just Ranked Nvidia and Alphabet as Its Top 2 "Magnificent Seven" Stocks for 2025. Are Both Stocks Buys?
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
Nvidia Corporation (NASDAQ: NVDA) saw a 3% drop in its share price to $142.62 on Friday, following the launch of Chinese generative AI program DeepSeek. Despite the dip, Nvidia shares closed higher for the week.