DeepseekAI claims to have built its latest AI models for just $6 million, a fraction of the billions spent by US-based AI companies, threatening the demand for Nvidia’s high grade chips
A hotter than expected wage inflation number has put extra pressure on the Fed as the US Central Bankers start their 2-day policy meeting on interest rates
An extreme rally in Meta platform (Facebook) stoked bullish bets on big tech even as a blowout jobs report muddied the Federal Reserve rate-cut outlook.
Tech investors ignored the Fed’s warnings of “higher rates for longer” and bought the dip overnight leading into 16% of the S&P500 delivering earnings after the bell. Meanwhile uranium investors rejoiced at 17-year highs as the worlds biggest producer, Kazatomprom, flagged a 20% reduction in forecasted production leaving a 5% supply gap.
Wrap of this weeks significant ASX listed company earnings
