DeepSeek unveils update to R1 model
Synopsis
DeepSeek has announced a minor upgrade to its R1 AI model, which previously stunned the tech world by outperforming Western competitors at a fraction of the cost. This news arrives shortly before Nvidia's latest financial report, whose shares were impacted by the initial R1 release. The upgrade follows founder Liang Wenfeng's rise to prominence and recognition from President Xi Jinping.
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Time of India
43 minutes ago
- Time of India
US Stock market today: Dow Jones up 0.22%, S&P 500 rises 0.36%, Nasdaq surges 0.68% as Nvidia powers tech rally, Dollar General soars 12%, and OECD cuts U.S. growth forecast amid trade war tensions
US Stock market today showed mixed moves as the Nasdaq Composite jumped, led by strong gains in tech stocks like Nvidia, while the Dow Jones wavered. The OECD cut its U.S. growth outlook, warning of trade policy risks. Investors are watching rising tariff impacts, weak factory data, and ongoing U.S.-China trade tensions. Retailer Dollar General soared after raising its forecast. Global bond yields dipped, and Constellation Energy rose on a nuclear deal with Meta. With uncertainty around global growth and U.S. spending plans, markets are bracing for a bumpy ride. Here's everything you need to know in today's full market recap. Tired of too many ads? Remove Ads Dow Jones Industrial Average (DIA): Up 0.22% at 424.63 Up 0.22% at 424.63 S&P 500 (SPY): Up 0.36% at 594.86 Up 0.36% at 594.86 Nasdaq 100 (QQQ): Up 0.68% at 526.74 Nvidia (NVDA): Shares rose approximately 3.2%, continuing a rally that has seen the stock surge over 45% since April. This growth is attributed to strong demand for its AI chips and positive analyst outlooks. Shares rose approximately 3.2%, continuing a rally that has seen the stock surge over 45% since April. This growth is attributed to strong demand for its AI chips and positive analyst outlooks. Dollar General (DG): The stock jumped around 12% after the company reported better-than-expected Q1 earnings and raised its full-year guidance. Tired of too many ads? Remove Ads Alphabet Inc. (GOOG): Shares declined by approximately 1.1%, possibly due to broader market rotations and profit-taking. Shares declined by approximately 1.1%, possibly due to broader market rotations and profit-taking. Costco Wholesale (COST): The stock fell about 1.2%, reflecting investor concerns over consumer spending trends amid economic uncertainties. Why did the Nasdaq outperform the Dow and S&P 500 today? How is the trade war still affecting global markets? What did the OECD say about the U.S. and global economy? Tired of too many ads? Remove Ads Why did Dollar General shares jump after its earnings outlook? What other market moves and economic data stood out today? Constellation Energy shares surged after the company struck a landmark deal to supply nuclear power to Meta Platforms, signaling long-term strength in clean energy partnerships. The WSJ Dollar Index gained ground after falling to its lowest level since July 2023 on Monday. U.S. Treasury prices rose, pushing yields down, as investors sought safe-haven assets amid economic uncertainty. A strong auction of 10-year Japanese government bonds also helped drag global bond yields lower. In Europe, stocks were mixed. New inflation data showed eurozone inflation dipped below 2% in May, suggesting that the European Central Bank may hold off on immediate rate hikes. In a more troubling sign, Ukraine defaulted on a sovereign bond payment, adding to geopolitical unease in global markets. What's next for the U.S. economy and financial markets? FAQs: The stock market today showed mixed signals, with the Dow Jones Industrial Average moving slightly up and down, while the Nasdaq Composite pulled ahead, gaining over 0.5%. Tech stocks led the charge, with Nvidia jumping more than 3%, helping push the S&P 500's technology sector to the top of the a strong start to June, overall momentum has been shaky since mid-May. Investors are navigating conflicting signals from the economy, international trade tensions, and global growth concerns. The Organization for Economic Cooperation and Development (OECD) added more uncertainty by cutting its outlook for U.S. economic growth, citing unresolved trade disputes and policy OECD revised its U.S. growth forecast for 2025 downward to 1.6% from 2.2%, citing the impact of ongoing trade tensions and tariffs. Global growth projections were also lowered, reflecting broader concerns over international trade Nasdaq Composite rose more than 0.5% on Tuesday, driven by gains in the tech sector. Nvidia's 3% surge was one of the main contributors, reflecting strong investor demand for semiconductor and AI-linked stocks. Overall, technology stocks led all 11 sectors in the S&P 500, making tech the day's top-performing the Dow and S&P 500 showed smaller moves, as gains in tech were offset by concerns in other sectors, particularly those vulnerable to trade tensions and weak manufacturing over U.S. trade policy continues to rattle investors. Although President Trump has paused some proposed tariffs, talks with China, Japan, and the EU appear to be stalled. Tensions remain high, with both the White House and Beijing accusing each other of violating terms of the most recent trade truce. While Trump's team says he may speak with President Xi Jinping this week, Chinese officials haven't confirmed any the meantime, data shows the trade war is leaving a mark. A private survey out of China indicated factory activity in May took a sharp downturn. In the U.S., factory orders fell 3.7% in April, a deeper drop than economists predicted, according to government figures. These numbers point to a slowdown in global industrial activity tied to rising tariffs and supply chain OECD, an international economic body, warned that global growth is slowing and blamed much of it on trade policy uncertainty. The report stated the U.S. economy is among the most at risk, given its central role in ongoing tariff group advised governments around the world to urgently negotiate trade agreements, arguing that without resolution, investment and growth could stall further in the second half of the year. The OECD's message added to investor concerns that major economies may underperform expectations if political gridlock General stock saw a sharp rise after the company raised its full-year guidance, saying that higher prices from tariffs are pushing more consumers toward discount stores. The retailer explained that it's seeing a clear shift in shopping behavior, with shoppers reacting to increased prices on everyday consumers look to cut costs, discount chains like Dollar General are becoming more appealing. The company's optimistic forecast offered a rare bright spot in an otherwise uncertain retail are closely watching whether President Trump's massive tax-and-spending bill, which narrowly passed the House, will survive the Senate. Any delays could add to fiscal on the radar is whether a Trump-Xi call materializes this week, which could offer hope for renewed trade negotiations. Until then, traders are likely to remain cautious, balancing solid corporate earnings from sectors like tech and discount retail against slowing economic data and geopolitical stock market today reflected a tug of war between strong tech performance and growing economic and policy concerns. With the OECD lowering its U.S. growth forecast, investors are bracing for more volatility unless there's progress on trade talks and clearer economic signals in the coming stocks like Nvidia surged, boosting Nasdaq higher than Dow and S&P OECD cut its U.S. growth outlook, citing trade policy and global slowdown.
Time of India
2 hours ago
- Time of India
Reliance only Indian firm in highly valued global technology companies list
Billionaire Mukesh Ambani's Reliance Industries is the only Indian firm to have made it to the listing of top 30 publicly traded global technology companies, as per a 340-page report, titled 'Trends - Artificial Intelligence', that delves into the rapid global adoption and transformative impact of AI technologies. The report lists global technology companies by market capitalisation. Top eight slots on the list are occupied by US technology giants - Microsoft, Nvidia, Apple, Amazon, Alphabet, Meta Platforms, Tesla and Broadcom. Taiwan's TSMC is ranked 9th, followed by China's Tencent. Reliance, with a market capitalisation of USD 216 billion, is ranked 23rd, according to the list. "Over the past 30 years (1995-2025), just five companies remained on the top 30 most highly valued publicly traded global technology companies - Microsoft, Oracle, Cisco, IBM and AT&T," the report said. It went on to list Reliance alongside the likes of Nvidia, Apple, Amazon, Alphabet, Meta, Tesla, Alibaba, Salesforce and China Mobile as the new entrants. "In 1995, the USA had 53% (16 of 30) of the most valuable tech companies and 70 per cent (21 of 30) in 2025," it said. In 1995, Japan had 30% (9 of 30) of top tech companies and zero in 2025. The UK, Singapore, Hong Kong, Mexico and Malaysia had 1 each, but now none are on the list. "In 2025, new geographic entrants include China with 3, Germany with 2, Taiwan with 1, Netherlands with 1, South Korea with 1 and India with 1," it said. Taiwan has only one company on the list - TSMC - the company produces 80-90% of the world's most advanced semiconductors and 62% of global semiconductors. According to the report, India has the most number of ChatGPT mobile app users in the world. It accounts for 13.5% of monthly active users of the artificial intelligence (AI)-powered chatbot developed by OpenAI. It is ahead of the USA (8.9%), Indonesia (5.7 %) and Brazil (5.4%). Pakistan has 3% of users. India also accounts for 6.9% of active global users of Chinese AI app DeepSeek, behind China (33.9%) and Russia (9.2%). "Artificial intelligence is reshaping the modern landscape at breakneck speed. What began as research has scaled into emerging core infrastructure across industries - powering everything from customer support to software development, scientific discovery, education, and manufacturing," the report said. AI, it said, is accelerating, touching more domains, and becoming more embedded in how work gets done. "Catalysing this growth is the global availability of easy-to-use multimodal AI tools (like ChatGPT) on pervasive mobile devices, augmented by a steep decline in inference costs and an explosion in model availability. Both closed and open-source tools are now widely accessible and increasingly capable, enabling solo developers, startups, and enterprises alike to experiment and deploy with minimal friction," it said. Large tech incumbents are weaving AI deeper into their products - rolling out copilots, assistants, and even agents that reframe how users engage with technology. Whether through embedded intelligence in SaaS or agentic workflows in consumer apps, the interface layer is being rewritten in real time. On the compute side, investment continues to scale dramatically. Capital expenditures across major cloud providers, chipmakers, and hyperscalers have hit new highs, driven by the race to enable real-time, high-volume inference at scale. The investment is not just in chips, but also in new data centres, networking infrastructure, and energy systems to support growing demand. "Whether this level of capital expenditure persists remains to be seen, but as AI moves closer to the edge - in vehicles, farms, labs, and homes - distinction between digital and physical infrastructure continues to blur," the report said. PTI
Business Standard
3 hours ago
- Business Standard
Nikkei ends marginally lower
Japanese markets gave up early gains to end on a flat note ahead of a fifth round of ministerial-level talks in the U.S. to be held this week. The Nikkei average finished marginally lower at 37,446.81 while the broader Topix index settled 0.22 percent lower at 2,771.11. A firmer yen weighed on the auto sector, with Honda and Mitsubishi Motors falling around 1 percent each. Chip-related stocks followed their U.S. peers higher, with Nvidia supplier Advantest climbing 2.6 percent and Screen Holdings adding 1.4 by Capital Market - Live News
