This week in the U.S. market, tech stocks tumbled as China’s DeepSeek AI model emerged as a major competitor, training at a fraction of the cost of U.S. rivals. Nvidia, which has dominated AI chip production, saw a staggering 17% drop. Markets also reacted to the Federal Reserve’s decision to pause its recent stretch of interest rate cuts, signaling that further reductions may not be imminent. Additionally, former President Trump reignited trade war concerns by reiterating a 25% tariff on imports from [...]
The post February 3: Tariff Wars Begin, Planes Crashing Everywhere, Deepseek China AI War starts (Recap Ep301) appeared first on Investing & Day Trading Education: Day Trading Academy.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More