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- ๐ง Nvidia sheds $589B, as DeepSeek prompts questions over AI spending
๐ง Nvidia sheds $589B, as DeepSeek prompts questions over AI spending
PortfolioGPT x Unprompted newsletter for 1/26-2/1


๐ The largest single-day loss in stock market history
โจ PortfolioGPT community, hereโs the latest financial news to supercharge your investment knowledge and start building generational wealth today.
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๐ Financial Markets
Tariffs (Canada & Mexico) ๐ Trump says Canada, Mexico tariffs are coming Saturday. Stocks dived, then rallied. โ BBC: Starting February 1, US President Donald Trump will impose 25% tariffs on Mexico and Canada, and 10% on China on , but Canadian oil would be hit with lower 10% tariffs on February 18.
US Federal Reserve ๐๏ธ Trump offers incentives to US federal workers to quit jobs โ BBC: In an effort to shrink and reform the US government, federal workers were given the option to resign and receive pay for eight months.
Artificial Intelligence ๐ค DeepSeek Upended Wall Street's Rosy View Of AI Stocks Like Nvidia. What That Means For U.S. Hopes To Outrun China. โ Investors.com: The Chinese LLM startup roiled AI stocks and the broad market, throwing a wrench in US efforts to stay ahead of China in the global AI race.
US Central Bank ๐๏ธ Fed holds rates steady, takes less confident view on inflation โ CNBC: The US Central Bank held interest rates steady in the 4.25%-4.50% range, Federal Reserve Chair Jerome Powell said there would be no rush to cut again until inflation and jobs data made it appropriate.
European Central Bank ๐ฐ ECB decision: Interest rates cut to nearly 2-year low, and more easing likely โ MarketWatch: Only thing known for sure about higher tariffs is that they would have โglobal negative impact,โ Lagarde says.
Consumers ๐ณ Happy holidays: Consumer spending surged again for the third quarter in a row to keep the US economy in overdrive โ MarketWatch: Consumer spending surged in December, to cap off another strong year of growth and position the U.S. to expand briskly again in early 2025.
๐ Stocks
$UPS ๐ฆ UPS to cut its Amazon business by more than 50% โ MarketWatch: UPSโs stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazonโs business will affect results.
$V ๐ณ Visa gives rosy guidance as spending growth improves โ MarketWatch: Visa sees 9% growth in spending volume during the December quarter versus 8% in the September quarter.
๐ Magnificent 7
$NVDA ๐พ Nvidia stock plummets, loses record $589 billion as DeepSeek prompts questions over AI spending โ Yahoo! Finance: Sell-off across chip stocks and the broader market after a new AI model from China's DeepSeek raised questions about AI investment and the rise of more cost-efficient artificial intelligence agents.
$MSFT ๐ฅ๏ธ Microsoft AI Sales Growth Limited By Data Center Capacity Constraints โ Investors.com: Microsoft (MSFT) would have posted bigger growth in artificial intelligence revenue in the December quarter had the company not been capacity constrained in its data centers
$AAPL ๐ฑ Apple Beats Earnings Target On Services Lift, But iPhone Sales Decline โ Investors.com: Apple's iPhone sales declined nearly 1% to $69.14 billion in the December quarter. Smartphones accounted for 55.6% of Apple's total revenue in the quarter.
$META ๐ค Meta Earnings Beat Amid AI Push. Wall Street: Meta Has Earned The Right To Invest โ Investors.com: Wall Street continues to cheer higher investments in artificial intelligence as a long-term growth driver for Meta.
$TSLA ๐ Tesla stock rises after company pledges return to growth after Q4 results disappoint โ Yahoo! Finance: Tesla said it expects its auto business to return to growth in 2025 after total auto revenues fell 8% in the fourth quarter compared to last year and 6% in 2024 compared to 2023.
๐ ETFs
$VOOG ๐ How a more focused growth index can cut your risk in the stock market โ MarketWatch: Invesco suggests a growth strategy that lowers investorsโ risk from the S&P 500โs Big Tech concentration.
$AIFD ๐ค AI-themed ETFs plunge in wake of DeepSeek news โ Reuters: ETFs with outsize exposure to Nvidia plunged in reaction to news that a Chinese startup has launched a powerful new AI LLM model.
$DFNS ๐๏ธ ETF Asset manager VanEck expects growth in defense sector as Trump returns โ Investors.com: Demand for a leading defense sector ETF has been growing ahead of the return of Donald Trump to the White House.
๐ฑ Crypto Currencies
$BTCUSD ๐ฑ Bitcoin seals first $100K+ monthly close with BTC price due 'big move' โ CoinTelegraph: Bitcoin completed its highest monthly close in history, while February traditionally spawns double-digit BTC price gains.
$USDC ๐ฒ Stablecoin market cap surpasses $200B as USDC dominance rises โ CoinTelegraph: The stablecoin market cap reached a new record high above $200 billion. Is it a sign that Bitcoin and altcoins will rise higher?
$DOGE ๐ Grayscale launches trust for institutional access to Dogecoin โ CryptoSlate: Grayscale's new Dogecoin Trust offers accredited investors (>$1M net worth excluding primary residence) a systematic approach to accessing the meme coin's potential.
Markets ๐ฑ Heavyweight hedge fund Elliott reportedly says Trump administration driving a crypto frenzy โ MarketWatch: One of the most powerful Wall Street hedge funds has criticized the Trump administration for helping drive a frenzy around cryptocurrencies that could ultimately harm investors.
๐๏ธ Retirement
Risk-Tolerance โ ๏ธ Retired, or nearing retirement? The DeepSeek scare should be a wake-up call. โ MarketWatch: Financial advisers say this moment should be a timely wake-up call for many investors, and especially older ones to ask themselves: How much stock market risk am I taking?
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๐๏ธ About our sponsor: UseFidelity is a financial education blog with a mission to democratize and demystify stock market investing for long-term investors. Find financial market analysis, how-to articles, and Fidelity news thatโs easy to understand and make saving for retirement actionable.
Weโll be back next Saturday morning to recap the weekโs financial news.
Thanks to UseFidelity for sponsoring.
Happy Unprompting!
Rawee
[email protected]
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