The trucking market is still headed in the right direction
Chicago and Dallas tender rejections still exceed 7%. The post The trucking market is still headed in the right direction appeared first on FreightWaves.
Chicago and Dallas tender rejections still exceed 7%. The post The trucking market is still headed in the right direction appeared first on FreightWaves.
Wall Street's superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy that's helped them make so much money. Big Tech stocks took some of the heaviest losses, with Nvidia down 13%, and they dragged the Nasdaq composite down 2.7%. The Dow has much less of an emphasis on tech than the S&P 500 and Nasdaq.
Emerson Electric said it will buy all the remaining shares of Aspen Technology it doesn't already own for about $7.2 billion in an all-cash deal.
Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centres. Chip maker ASML down 8.9%, and Siemens Energy, which provides electric hardware for AI infrastructure, slid around 20%. - Japan's Nikkei shed nearly 1%, weighed on by heavyweight tech names.
Stocks started the week lower, pulled downward by investors' worries about the health of the AI trade. Under the hood of the S&P 500, though, there was still green to be seen.
The S&P 500 and the Nasdaq hit over one-week lows on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centers. Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks dropped 6.5%.
The tech-heavy Nasdaq slipped 2.8% Monday morning as a perceived threat from Chinese artificial intelligence startup DeepSeek prompted a global sell-off of tech stocks.
LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on dominance of U.S. companies in this sector. Tech-heavy Nasdaq slid 3.1%, while the S&P 500 dropped 1.8%. Dominant AI chipmaker Nvidia slumped 11% in early trading, leading losses among heavyweight tech stocks that had powered Wall Street's main indexes to record levels.
Big tech's rapid earnings growth finally slowing has been a risk to the market strategists have been talking about for more than a year.
Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.