Momentum Movers

• $NVDA $AVGO $TSM $ORCL down roughly 15% after DeepSeek’s low-cost AI development highlighted the possibility of a future reduction in AI infrastructure spending. 
• $CEG $VST down roughly 25% as AI infrastructure-related stocks fell sharply.
• $SMR $OKLO down nearly 25% as small modular reactor stocks tied to future AI power needs fell sharply following the DeepSeek news.
• $ETNB up 26% after positive data from $AKRO sparked interest in the company’s MASH drug candidate.
• $T up 6% after reporting financial results showing strong growth. 
• $NBIS down 37% with the technology sector.
• $CORZ $HUT $IREN down roughly 25% as crypto operations related to AI data centers fell with the broader technology sector.
• $APLD down 27% in sympathy with other tech stocks tied to the DeepSeek concerns.
• $AAPL up 3% as it showed relative strength in anticipation of its earnings release later this week. 
• $HCA up 6% after recently reporting Q4 financial results. 

Sector Performance

Market News 

• The $VIX rose 20% as DeepSeek-related headlines disrupted major technology stocks, leading to increased market volatility on Monday. 
• $BTC fell to $101K as market volatility dampened demand for crypto assets. 

Upcoming Events 1/28/25 

• Richmond Manufacturing Index
• 7-Year Note Auction
• Earnings: $BA, $SBUX, $GM, $LC, $SAP, $LMT, $RCL, $SYF, $NXT, $JBLU, $PKG, $KMB