U.S. stocks closed | DeepSeek impacts Global computing power! The Dow Jones stood out, while the Nasdaq fell more than 3%, and NVIDIA plunged nearly 17%.
The Chip Index plummeted over 9%, Broadcom fell over 17%, Taiwan Semiconductor dropped over 13%, AMD and ASML Holding decreased by about 6%, and Oklo, a nuclear power stock that Altman bet on, fell nearly 26%.
Shares of Software Companies Are Trading Lower Amid AI Competition Concerns From China's DeepSeek AI Model.
Goldman Sachs Maintains Neutral on AppLovin, Raises Price Target to $335
AppLovin and Builders FirstSource Have Been Highlighted as Zacks Bull and Bear of the Day
AppLovin (NASDAQ:APP) Is Investing Its Capital With Increasing Efficiency
Bull of the Day: AppLovin Corporation (APP)
Omdia: The AI Software market is expected to reach 97 billion dollars in 2024, a year-on-year increase of 32%.
This year's optimistic forecast for budget growth on AI by enterprises (73% and above) has been reduced due to the unexpected complexity of the AI adoption process, and some of the budget may be shifted to 2025.
AppLovin Corporation (APP): Jim Cramer Calls It the Stock That Refuses to Quit – Here's Why
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Analysts Have Conflicting Sentiments on These Technology Companies: Texas Instruments (TXN) and AppLovin (APP)
Piper Sandler Maintains Applovin(APP.US) With Buy Rating, Maintains Target Price $400
Piper Sandler Remains a Buy on AppLovin (APP)
3 Business Services Stocks That Could Keep Soaring in 2025: APP, COIN, SEZL
U.S. stock market closing | All three major Indexes rose, with the S&P continuing to hit new highs; Nuclear Power stocks performed strongly, with OKLO and SMR rising over 13%; Meta rose over 2% to reach a record closing high.
Trump calls on the Federal Reserve to lower interest rates immediately. The chip Index and NVIDIA briefly fell over 2%, but ultimately NVIDIA turned to rise, while Tesla fell. Industrial stock Caterpillar boosted the Dow by 400 points. Quantum computing stock Quantum fell over 6%. Nuclear Power stock Oklo, held by Sam Altman, turned to rise over 13%. Electronic Arts Inc fell nearly 17%. After a 0.7% decline, the Chinese concept Index turned to rise, and TAL Education soared 21%.
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AppLovin Shares Are Trading Higher After UBS Raised Its Price Target on the Stock From $315 to $440.
AppLovin Is Maintained at Buy by UBS
AppLovin Analyst Ratings