Skip to main content

Featured

Tehran in Turmoil as Residents Flee Following Trump’s Urgent Warning

The streets of Tehran are rapidly emptying as residents heed an urgent warning from U.S. President Donald Trump, who called for the immediate evacuation  of the Iranian capital amid escalating tensions between Iran and Israel.  Trump’s statement, posted on his Truth Social platform, emphasized that “Iran cannot have a nuclear weapon” and urged the city’s nearly 10 million residents to leave before it was “too late”. His remarks came as Israel intensified its airstrikes on Tehran, targeting key infrastructure and military sites.  Reports indicate that major roads leading out of Tehran are clogged with traffic, as families scramble to find safety. The city’s historic Grand Bazaar has shut down, an unusual move that underscores the severity of the situation. Meanwhile, Iranian authorities insist that “everything is under control” , though no official evacuation order has been issued.  The international community is closely monitoring the crisis, with leaders of the Gro...
Post a Comment
Read more

article

Labels

Nasdaq Plummets as Nvidia Sinks 17% Amid AI Market Turmoil

                                              

The stock market experienced significant turbulence today, with the Nasdaq Composite Index plunging by 3.07%. This sharp decline was primarily driven by Nvidia's stock, which saw a staggering 17% drop. The sell-off was triggered by growing concerns over the impact of China's DeepSeek AI model on the profitability of leading AI companies.

DeepSeek's AI model, which reportedly uses cheaper chips and less data while delivering comparable performance to top models, has caused investors to reassess their bets on AI-driven growth. This has led to a widespread sell-off in tech stocks, with companies like ASML, Broadcom, and Micron Technology also experiencing significant losses.

In contrast, the  Dow Jones Industrial Average managed to stage a modest comeback, buoyed by increased demand for defensive stocks. Investors flocked to safer assets, such as Johnson & Johnson, United Healthcare, and Procter & Gamble, helping the index to recover some of its earlier losses.

The market's reaction underscores the growing uncertainty surrounding the future of AI investments and the potential disruption posed by innovative and cost-effective alternatives like DeepSeek. As the tech sector grapples with these challenges, investors are closely watching upcoming earnings reports from major companies like Apple, Tesla, Meta, and Microsoft for further insights into the industry's outlook.





Labels:

Comments

Post a Comment