To The Moon

The so-called Magnificent Seven group of tech stocks have spent the past two years looking invincible, so it's ironic that the companies worth $18 trillion in total market value were undercut this past week by a Chinese start-up no one on Wall Street had heard of just days earlier.Such is the power -- and vulnerability -- of being on the cutting edge.The new R1 artificial-intelligence model from China's DeepSeek has comparable performance to some of the world's best models, and seemingly comes at a lower price to train and run in the cloud.There are many reasons to be skeptical of R1, beginning with the fact that the Chinese government may be subsidizing R1's creation and deployment. But DeepSeek has made the model open source and produced two white papers detailing its methods, and AI labs in the U.S. and allied countries are busy trying to replicate what DeepSeek did.It's the cloud, in fact, that looks most vulnerable from the DeepSeek development. The ability to run models on local

DeepSeek-R1 is an open model with state-of-the-art reasoning capabilities. Instead of offering direc

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Nvidia chips should be hit with tighter U.S. export controls following revelations the company's technology was used by Chinese artificial intelligence startup DeepSeek, the bipartisan leaders of an influential congressional committee said.President Trump's administration should consider putting export controls on Nvidia's H20 chip, which DeepSeek reportedly used extensively, along with blocks on chips of similar sophistication, said Rep. John Moolenaar , chairman of the House Select Committee on the Chinese Communist Party, and Rep. Raja Krishnamoorthi , the committee's ranking member.The two also called for a potential crackdown on chip shipments to Singapore, saying the technology is apparently being diverted elsewhere. The lawmakers made the recommendations in a letter to National Security Adviser Michael Waltz that was made public Thursday. The White House didn't respond to a request for comment.In another recommendation, the lawmakers noted that Singapore-bound Nvidia chips seem

Chinese ADRs & ETFs jumped on Thursday. $iQiyi(IQ)$ up 8%; $YINN(YINN)$ up 5.5%; $KE Holdings(BEKE)$, $Tiger Brokers(TIGR)$, $Alibaba(BABA)$ up 4%; $Baidu(BIDU)$, $XPeng(XPEV)$, $NIO(NIO)$ up more than 3%.

BUZZ-Alibaba's US-shares rise after launch of AI model co says outperforms DeepSeek ** U.S.-listed shares of China tech giant Alibaba Group BABA.N rise 2.7% to $98.60 in premarket trading ** Co releas

"Startups OpenAI and Anthropic have been battling Google, Meta and others in developing large, multimodal and small language foundation models.Further, DeepSeek reportedly spent only $5.6 million over two months to develop its latest AI model, noted economist Ed Yardeni in a report.Meanwhile, DeepSeek's success could weigh on U.S. earnings reports, Yardeni said, amid enormous capital spending increases by Google, Meta, Microsoft and others. Microsoft is the biggest investor in OpenAI."This migh

Chinese ADRs rose in overnight trading, amid signs that President Donald Trump is dialing back threats of slapping higher tariffs on exports there. XPeng and NetEase rose 3%; NIO, JD.com, iQiyi, Bilibili, and Trip.com rose 2%; PDD Holdings and Baidu rose 1%; Li Auto rose 0.9%; Alibaba rose 0.5%.President Donald Trump expressed a reluctance to impose tariffs on China during a television interview, suggesting a trade war between the world’s largest economies could be avoided.“We have one very big