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U.S. Tech Stocks Sink in AI Rout Sparked by China’s DeepSeek

U.S. Tech Stocks Sink in AI Rout Sparked by China’s DeepSeek

Update: 2025-01-27

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Plus: Universal Music Group signed a deal with Spotify. And Arabica coffee hits a new high after U.S. tariff threats. Anthony Bansie hosts.

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Transcript

00:00:00

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00:00:27

Debe estar registrado en rewards para ofertas en el ámbito.

00:00:32

Here's your midday brief from Monday January 27, I'm Anthony Bancy for the Wall Street Journal.

00:00:38

The Chinese Artificial Intelligence Company deep seek has continued to spark a tech stock sell-off in morning trading.

00:00:44

The company has trained high performing artificial intelligence models cheaply, which has pulled the rug out from under global companies riding the AI wave.

00:00:53

Nvidia's stock fell 15%, wiping out more than $400 billion in market value.

00:00:58

Meta platforms, Microsoft, and Alphabet were all down between 1.5% and 3.5%.

00:01:04

The Nasdaq led declines among major US indexes, sinking 2.5% in morning trading.

00:01:09

The S&P 500 fell 1.5 after hitting a record last week, and the Dow edge lower.

00:01:14

Shares in Universal Music Group were up 7% in morning trading.

00:01:17

After the music label said it signed a multi-year agreement for recorded music, and music publishing with Spotify.

00:01:23

Robica Coffee Prices hit a record level of $3.5 on the intercontinental exchange.

00:01:28

This comes as traders digest the withdrawal of President Trump's threats to imposed tariffs and economic sanctions on Colombia.

00:01:35

JPMorgan analysts say that the US imports about 30% of its coffee from Colombia.

00:01:40

And in international news, a Rwanda backed Rubble Group entered the Congolese City of Goma today, threatening a bloody new chapter in a 30-year conflict set off by the 1994 genocide.

00:01:50

The city is a longtime international aid hub in Haven for civilians.

00:01:55

We'll have more coverage of the day's news on WSJ's What's News podcast.

00:01:59

You can add it to your playlist on your smart speaker, or listen and subscribe wherever you get your

U.S. Tech Stocks Sink in AI Rout Sparked by China’s DeepSeek

U.S. Tech Stocks Sink in AI Rout Sparked by China’s DeepSeek

The Wall Street Journal

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