Check out the companies making headlines in midday trading as Chipmaker tumbled nearly 16% as the performance of Chinese startup Deepseek’s language model raised questions about the amount of money invested in artificial intelligence. With that performance, the high-flying AI name is on track to notch its worst day since March 2020. Chipmaker – Nvidia wasn’t the only semiconductor company to fall sharply on Deepseek’s development. Broadcom was down about 17% and Micron was down about 11%. Advanced micro devices slid nearly 6%. Vaneck Semiconductor ETF (SMH) lost over 9%. Microsoft, Oracle – the famous tech giants slid over 3% and 11%, respectively. Microsoft plans to spend $80 billion building these centers in fiscal year 2025, and about half of that money is going to a project within Oracle in the US, announced by the president He said he is one of the supporters of infrastructure projects. Last week Donald Trump. Power Stock – Power companies related to the development of AI data centers also had difficulties. Constellation Energy and Vistra plunged more than 18% and 27%, respectively. Ge Vernova plunged about 20%, while Talen Energy fell more than 22%. Crypto Stocks – Stocks tied to the price of Bitcoin came under pressure from the tech stock route. Coinbase and MicroStrategy were down 7% and 5%, respectively. Bitcoin miners whose power AI ventures have suffered deeper losses. Core Scientific slid 28% and Terawulf lost 27%. Iren, formerly known as Iris Energy, was down 23%. AT&T – Shares rose nearly 6% after the telecommunications giant reported fourth-quarter adjusted earnings of 54 cents per share, above the 50 cents expected by analysts polled by FactSet . Revenue of $32.3 billion also exceeded the consensus estimate of $320.2 billion. SOFI Technology – Shares slid 10% after the financial services platform posted a downbeat outlook for the first quarter, overshadowing better-than-expected revenue and earnings results. Travel + Leisure – Shares rose about 2% after Bank of America upgraded twice and bought from underperformance. The company said it expects the company to achieve double-digit earnings per share this year amid a more resilient backdrop for leisure travel. Titan Machinery – The equipment retailer jumped 10% from Neutral to Outperform shortly after the Baird upgrade. Baird said stocks should be supported by shrinking inventories. exelixis – Biotech stocks blew 2% on the back of Morgan Stanley upgrades. The company called Exelixis’ rating “modest.” Ralph Lauren – Apparel inventories fell 3% after Raymond James’ downgrade from Outperform. The investment firm said Ralph Lauren is limited due to recent stock rallies and the negative impact of the strengthening US dollar on its financials. -CNBC’s Michelle Fox, Tanaya Machel, Pia Singh, Sean Conlon and Jesse Pound reported.
