AI Upstart DeepSeek Rocks Tech Stocks: Nvidia and Broadcom Plummet
Market BriefMonday, Jan 27, 2025 11:23 pm ET
2min read1. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -16.97%, with the trading volume of 97.32B. NVIDIA experienced a record market cap loss of $592.7 billion after a 17% stock plunge. The decline was reportedly triggered by the emergence of China's AI startup DeepSeek, which NVIDIA acknowledged as a significant AI advancement, highlighting the need for a vast number of GPUs.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.32%, with the trading volume of 22.96B. Tesla's 2025 vehicle sales are expected to fall short of Elon Musk's forecast due to potential policy changes by Donald Trump. Tesla's Q4 earnings report is due Wednesday. Tesla has also expanded its Semi truck factory and announced a 5-year 0% interest deal on select vehicles.
3. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.18%, with the trading volume of 21.60B. Apple is developing its first AR glasses, adapting visionOS for the new platform, and has unveiled its Black Unity collection in celebration of Black History Month. Additionally, Apple plans to delay its OLED MacBook Air until 2029.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -17.40%, with the trading volume of 18.53B. NVIDIA and Broadcom led a significant decline in chip stocks amid growing valuation concerns triggered by DeepSeek's influence. The tech sector saw a broad sell-off, with NVIDIA, Broadcom, and Taiwan Semiconductor Manufacturing Company shares falling over 10% pre-market.
5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.91%, with the trading volume of 18.39B. Meta disclosed 54 insider transactions on January 27, 2025. Notably, Mark Zuckerberg sold 4,455 shares. JMP Securities reiterated an "outperform" rating with a $750 target price, while Rosenblatt maintained a "buy" rating with an $811 target price.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.14%, with the trading volume of 15.24B. NVIDIA and Broadcom led a significant plunge in chip stocks following DeepSeek's market disruption. Tech companies like Tesla, Amazon, and Meta also faced declines. Meanwhile, Microsoft highlighted DeepSeek's rapid development and efficient computing capabilities.
7. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited plunged by -13.33%, with the trading volume of 13.26B. Taiwan Semiconductor Manufacturing Company (TSMC) experienced a notable market drop exceeding 11% amidst concerns triggered by DeepSeek's impact on tech valuations, affecting major semiconductor and tech stocks globally.
8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.24%, with the trading volume of 11.42B. Nvidia and Broadcom led a sharp drop in chip stocks following concerns about the impact of DeepSeek's AI model on the technology sector. Apple's and Microsoft's future prospects were questioned as their suppliers also faced downturns.
9. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.20%, with the trading volume of 8.03B. Google faced criticism after removing Pixel 4a's old firmware, preventing users from downgrading after a detrimental battery update. Needham maintains a buy rating for Google A with a $225 target, with 2024 Q3 revenue at $253.49 billion. Android 17 will mandate app optimization for large screens.
10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -1.63%, with the trading volume of 7.15B. MicroStrategy filed a mixed securities registration application with the SEC, with potential proceeds intended for purchasing more Bitcoin and general corporate purposes.
Nvidia plunged by -16.97%, with the trading volume of 97.32B. NVIDIA experienced a record market cap loss of $592.7 billion after a 17% stock plunge. The decline was reportedly triggered by the emergence of China's AI startup DeepSeek, which NVIDIA acknowledged as a significant AI advancement, highlighting the need for a vast number of GPUs.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.32%, with the trading volume of 22.96B. Tesla's 2025 vehicle sales are expected to fall short of Elon Musk's forecast due to potential policy changes by Donald Trump. Tesla's Q4 earnings report is due Wednesday. Tesla has also expanded its Semi truck factory and announced a 5-year 0% interest deal on select vehicles.
3. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.18%, with the trading volume of 21.60B. Apple is developing its first AR glasses, adapting visionOS for the new platform, and has unveiled its Black Unity collection in celebration of Black History Month. Additionally, Apple plans to delay its OLED MacBook Air until 2029.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -17.40%, with the trading volume of 18.53B. NVIDIA and Broadcom led a significant decline in chip stocks amid growing valuation concerns triggered by DeepSeek's influence. The tech sector saw a broad sell-off, with NVIDIA, Broadcom, and Taiwan Semiconductor Manufacturing Company shares falling over 10% pre-market.
5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.91%, with the trading volume of 18.39B. Meta disclosed 54 insider transactions on January 27, 2025. Notably, Mark Zuckerberg sold 4,455 shares. JMP Securities reiterated an "outperform" rating with a $750 target price, while Rosenblatt maintained a "buy" rating with an $811 target price.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.14%, with the trading volume of 15.24B. NVIDIA and Broadcom led a significant plunge in chip stocks following DeepSeek's market disruption. Tech companies like Tesla, Amazon, and Meta also faced declines. Meanwhile, Microsoft highlighted DeepSeek's rapid development and efficient computing capabilities.
7. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited plunged by -13.33%, with the trading volume of 13.26B. Taiwan Semiconductor Manufacturing Company (TSMC) experienced a notable market drop exceeding 11% amidst concerns triggered by DeepSeek's impact on tech valuations, affecting major semiconductor and tech stocks globally.
8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.24%, with the trading volume of 11.42B. Nvidia and Broadcom led a sharp drop in chip stocks following concerns about the impact of DeepSeek's AI model on the technology sector. Apple's and Microsoft's future prospects were questioned as their suppliers also faced downturns.
9. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.20%, with the trading volume of 8.03B. Google faced criticism after removing Pixel 4a's old firmware, preventing users from downgrading after a detrimental battery update. Needham maintains a buy rating for Google A with a $225 target, with 2024 Q3 revenue at $253.49 billion. Android 17 will mandate app optimization for large screens.
10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -1.63%, with the trading volume of 7.15B. MicroStrategy filed a mixed securities registration application with the SEC, with potential proceeds intended for purchasing more Bitcoin and general corporate purposes.
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