Nvidia Stock Breaches Key Support Level as AI Competition Heats Up
Nvidia shares dip below crucial 200-day moving average amid concerns over Chinese AI startup DeepSeek's advancements. Technical analysts project further downside risk while debating whether the stock will see steep declines or sideways consolidation.
ASML's Record Earnings Surge Amid AI-Driven Semiconductor Boom
Dutch semiconductor giant ASML reports stellar Q4 earnings with €9.3 billion revenue, driving shares up 10% as AI demand accelerates. Recent tech sector volatility creates potential buying opportunity in ASML and Nvidia amid positive industry outlook.
ByteDance Plans $7B Nvidia Chip Investment to Power AI Ambitions
TikTok parent ByteDance aims to invest $7 billion in Nvidia chips for AI computing in 2025, strategically storing them outside mainland China to comply with U.S. export restrictions. The bold move would make ByteDance one of the world's largest Nvidia chip users as it expands its AI capabilities and chatbot services.