Check out the companies making headlines with pre-market deals. NVIDIA – The darling of artificial intelligence is on track for its worst day since March 2020, with shares tumbling more than 11% in pre-market trading. It says it was developed in just two months and at a cost of less than $6 million. This move called into question Nvidia’s need for the fastest chip and its need for competitiveness. Other chipmakers also declined, with Broadcom losing 12% and AMD dropping 4%. Amazon, Microsoft – Other Megacap stocks sold off sharply after Deepseek’s news of questions about the huge amount of money tech companies are investing in AI models and data centers. Microsoft’s stock is now 5%, while Amazon is down over 4% and Metaplatform has slid 2.5%. Vertiv Holdings – Shares of the data center services company fell 16% as U.S. artificial intelligence trade reversed. The emergence of Deepseek could hurt Vertiv’s business prospects if AI infrastructure spending is lower than anticipated in the future. Constellation Energy, Vistra – The AI infrastructure power provider was also hit hard over concerns that if DeepSeek could run using fewer chips, it would require less energy. Constellation Energy, Vistra, Nuscale Power, and Oklo all slid at least 10% in premarket trading. AT&T – The telecommunications giant added 2.3% after fourth-quarter earnings were higher than expected. The company earned 54 cents per share, beating the consensus estimate of analysts polled by StreetAccount by 4 cents. AT&T also posted revenue of $32.3 billion, while analysts were expecting $320.2 billion. Dr. Horton – Shares of the homebuilding company fell nearly 1% after receiving a Buy to Neutral downgrade at Bank of America. The bank said a “challenging” housing market backdrop and rising input costs could weigh on the company from here. – CNBC’s Alex Harling, Sean Conlon and Jesse Pound reported.
