NVDA Chip Shortage, BABA DeepSeek Rival, XYZ Lays Off 8% of Staff

Diane King Hall turns to the morning's biggest movers, starting with Block (XYZ), which slid in the market after the company laid off part of its staff. The A.I. race heats up in China after Alibaba (BABA) unveiled new details around its open source model that aims to compete against DeepSeek. Nvidia (NVDA) traded lower after Reuters reported that China's H3C warned of chip shortages.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Fler avsnitt av Schwab Network