TLDR

MARKET RECAP → On Thursday, stocks teetered as President Donald Trump reiterated his tariff threats, leaving investors on edge.

DEEPSEEK’S AI CLAIMS SHOOK MARKETS—BUT SKEPTICISM REMAINED → DeepSeek claimed its AI model rivaled OpenAI’s at a fraction of the cost, triggering a $600 billion Nvidia selloff. Analysts questioned its numbers and potential use of restricted chips, but the development underscored the escalating U.S.-China AI rivalry. 🚀

TESLA REPORTS $600 MILLION BITCOIN PROFIT JUMP AFTER DIGITAL ASSETS RULE CHANGE → Tesla’s net income got a $600 million boost thanks to a new accounting rule for digital assets, while auto revenue slumped 8%. Bitcoin’s rally, fueled by Trump’s pro-crypto stance, helped Tesla’s holdings soar past $1 billion.

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MARKETS

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Notable Earnings This Week

TODAY’S TOP NEWS

DeepSeek's AI Claims Shook Markets—But Skepticism Remained

🚀 Bold AI Claims: Chinese AI firm DeepSeek claimed its R1 model rivaled OpenAI’s latest model at a fraction of the cost, training for just $5.6 million. This raised concerns over the massive spending by U.S. tech giants on AI development.

💸 Market Shockwave: Investor fears over DeepSeek’s potential disruption led to a staggering $600 billion market cap wipeout for Nvidia—the largest single-day loss for a U.S. company in history. However, analysts questioned DeepSeek’s cost figures and whether it used restricted AI chips.

🧐 Real or Hype? Experts were divided—some called DeepSeek’s breakthrough a major milestone in AI efficiency, while others suspected exaggerated claims or potential intellectual property misuse. Regardless, the development underscored the rising competition between China and the U.S. in the AI arms race.

TODAY’S TOP NEWS

Tesla Reports $600 Million Bitcoin Profit Jump After Digital Assets Rule Change

🚀 Bitcoin Boosted Tesla’s Bottom Line – A new accounting rule required companies to mark their digital asset holdings to market, increasing Tesla’s reported bitcoin value from $184 million to $1.08 billion. This added $600 million to net income and boosted EPS by 68 cents.

📉 Auto Revenue Slumped – Despite the bitcoin windfall, Tesla’s core business struggled, with auto revenue dropping 8% year-over-year and earnings missing expectations. However, the stock still climbed in after-hours trading.

💰 Crypto Politics Played a Role – Bitcoin’s recent rally was fueled by optimism surrounding Trump’s return to office, given his pro-crypto stance. Musk, a key Trump adviser and financial backer, positioned Tesla as the sixth-largest bitcoin holder among public companies.

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