19 min ago
Apple Heads Into Earnings as the Most Valuable Company
Apple stock has held up this week, while Nvidia has fallen. The iPhone maker is heading into earnings holding the title of most valuable company.
This has been an incredibly busy week for the stock market. Earlier in the week, investors grappled with reports about DeepSeek—a Chinese startup’s AI model that was purportedly created using fewer resources than leading U.S. models—and the implications it could have on the AI space.
Some of the Magnificent 7 group of tech stocks expected to benefit from generative-AI took a hit on Monday. If the reports are accurate, DeepSeek developed an AI model that’s similar to OpenAI’s ChatGPT for only $5.6 million. That is significantly less than the amounts several tech giants have spent on their AI projects.
