Morning Bell, the Day After of the Tech Tonfo

The Asian markets move in a decline in a reduced exchange seat, with the square of China and South Korea stopped for the lunar New Year holidays. Tokyo leads the losses in the wake of the red of the Tech sector and chips at Wall Street. Yesterday the New York Stock Exchange closed the first session of the week scattered, with the collapse of the technological sector while the defensive titles have held up.

The hardest blow was for chip producers such as Nvidia, who lost 16.8% by erasing 589 billion dollars of market value, one of the worst losses of history according to the American press.

Heavy losses also for Broadcom, Oracle and Arista, who sold between 13.8% and 22.4%. The Dow Jones gained 0.65%, while the Nasdaq and the S&P 500 closed respectively 3% and 1.46% in the wake of the growing concerns for the new competitor of artificial intelligence developed by China. The Chinese startup Deepseek startup has exceeded Chatgpt on Apple’s App Store, unleashing fears that the US leaders of artificial intelligence risk losing their dominance.

The Deepseek model, which uses cheaper and less data chips, is seen as a potential disruptive factor for the supply chain of artificial intelligence, which affects semiconductor companies and data centers.

Today the future travel weak and mixed and in the day important Macro data are not expected: you look at Fed’s directives (the FOMC meets today and will decide tomorrow on the rates) and ECB (the day after tomorrow). The institutes of Sweden, Canada, Brazil and the day after that of South Africa will also meet on Wednesday. Except for the Brazilian central bank, which should raise rates, others should reduce the cost of money of 25 points.

Tomorrow evening eyes also focused on Apple, Meta, Microsoft and Tesla who will publish their accounts. With an average growth prediction of the turnover of 10.3% on an annual basis and a strong sentiment of analysts, these reports will provide crucial indications on the state of health of the technological sector and on the wider economic trends. Investors will focus in particular on the way in which these large capitalization companies are balancing investments for growth with operational efficiency, especially in areas such as the development of artificial intelligence and cloud infrastructure.