Dow Jones futures fell Sunday night, along with S&P 500 futures and especially Nasdaq futures, amid concerns over AI progress from China's DeepSeek. Nvidia, Broadcom, Meta and several other AI-related stocks were indicated lower overnight.
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.
Artificial intelligence (AI) has garnered so much attention over the past couple of years. Experts believe this is a game-changing technology that will impact virtually all industries one day. Investors,
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. ( 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.
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
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.
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.
The Nasdaq could face market-cap losses of nearly $1 trillion if premarket declines hold into the close of trading.