Highly anticipated reports from the Magnificent 7 will be in focus over the next couple of weeks.

(Bloomberg) -- Traders who picked up cheap VIX call options last week are getting some protection from Monday’s global tech selloff that erased more than $400 billion in market value from Nvidia Corp. alone.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month

(Bloomberg) -- Nvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan

SoFi Technologies pointed to "macro assumptions" in giving weaker-than-expected quarterly and full-year guidance.

The new model is said to outperform OpenAI's offering at a significantly lower cost.

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%.

DeepSeek AI Upends Market, Driving Nasdaq Tech Stocks Lower

The business intelligence and Bitcoin-focused company MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower on Monday. The company disclosed plans to offer 2.5 million shares of its Series A Perpetual Strike Preferred Stock in a public offering. The company expects to use proceeds for general corporate purposes, including bitcoin acquisitions and working capital. MicroStrategy’s perpetual strike preferred stock carries a $100 per share liquidation preference and will accrue fixed-rat

Shares of memory chips maker Micron (NYSE:MU) fell 10.4% in the morning session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model (DeepSeek-R1) that ranks competitively on key global benchmarks (coding competitions, math evaluations), uses less advanced semiconductor chips, costs significantly less to build (at $5.5 million - excluding non-compute costs), and has already achieved strong adoption after top

Nvidia (NVDA) stock plunged 11% Monday morning after Chinese artificial intelligence startup DeepSeek’s latest model raised questions about American competitiveness in the AI space.