Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.
Brian Colello at Morningstar maintained his target price of $130 per share on Nvidia stock following the DeepSeek news. "We doubt the leading cloud vendors and AI builders will pause their plans," he wrote in a note to clients. "We still think tech firms will continue to buy all the GPUs they can as part this AI gold rush."
Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"
While the demand is there, it's clear that's not the sole reason why Nvidia's RTX 50 series is impossible to find in stores. Many retailers received fairly low stock quantities, as Nvidia reportedly experienced manufacturing issues.
El presidente Donald Trump se reunirá con el director ejecutivo de Nvidia Corp., Jensen Huang, en la Casa Blanca este viernes, según fuentes familiarizadas con los planes, días después de que un nuevo modelo de inteligencia artificial de la empresa china DeepSeek generara preocupación entre los líderes de la industria tecnológica y provocara el desplome del mercado bursátil estadounidense.
U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China.
The Nasdaq Composite fell 3.1% on Monday, while AI leader Nvidia tumbled 17%. But the reality was, and is, far more complicated. DeepSeek didn’t replicate OpenAI’s ability by spending a few million dollars.
Earlier in January, DeepSeek released its AI model, DeepSeek (R1), which competes with leading models like OpenAI's ChatGPT o1. What sets DeepSeek apart is its ability to develop high-performing AI models at a fraction of the cost.
JayzTwoCents personally signs a ZOTAC GeForce RTX 5090 graphics card at Micro Center, gets home and sees it up for sale for $5800.
We fired up Nvidia’s just-announced ‘Studio Voice’ feature that launched alongside its new RTX 50 Series GPUs and DLSS 4.
India's IT minister has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant, likening its frugal approach to his government's efforts to build a localized AI model.
Meta Platforms and most other U.S. stocks are rising, but drops for Nvidia and Microsoft are weighing on the market. The S&P 500 rose 0.1% in midday trading Thursday. The