DeepSeek Live Updates: OpenAI and Microsoft reportedly probe if DeepSeek used their data for training

Image source: Photo by Pixabay - Pexels

DeepSeek Live Updates: OpenAI and Microsoft reportedly probe if DeepSeek used their data for training. 🛑 The release of a less capital-intensive artificial intelligence model from China’s DeepSeek sent a chill through the U.S. stock market Monday, initiating a massive selloff led by Nvidia, which roared back Tuesday, recovering almost half of its record-setting losses. Forbes reports.

💻 MicroEarnings: Microsoft to report Q2 earnings as DeepSeek raises AI spending questions. Yahoo Finance reports.

📊 ASMLLift: ASML shares jump as surge in orders defies fears of DeepSeek hitting AI chip demand. CNBC reports.

🔄 StarTurn: Starbucks beats low earnings expectations for its first quarter under new CEO. Yahoo Finance reports.

🤖 AliAI: Alibaba releases AI model it says surpasses DeepSeek. Reuters reports.

🏦 RateWatch: The Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump's policies before deciding whether to cut borrowing costs again. Reuters reports.

📈 FintechGain: Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator's financial technology products. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $SXTP: 60 Degrees
Total gain: +72.54%

2. $SLXN: Silexion Therapeutics
Total gain: +57.03%

3. $LGCL: Lucas GC
Total gain: +37.23%

4. $EVTV: Envirotech Vehicles
Total gain: +29.71%

5. $CREG: Smart Powerr
Total gain: +28.47%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.

What Is The Head And Shoulders Pattern And How Can It Be Identified On A Price Chart?

In a head and shoulders pattern, there is a shoulder, a head, and another shoulder. It consists of a rounding formation, followed by a higher rounding, and then another rounding.

It's important to note that there are both head and shoulders patterns and inverse head and shoulders patterns, also referred to as head and shoulders bottoms by some traders.

These patterns are always reversal patterns, similar to double tops and double bottoms. They often resemble double tops and bottoms, but with an additional rotation. However, there are some very specific characteristics, just like with double tops and bottoms.

The closing price of the top three market percent gainers trading near or above $3 on January 28.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $DXF: Eason Technology
Total gain: +164%
The stock appeared to be moving on no notable news.

2. $YIBO: Planet Image International
Total gain: +59.09%
The stock appeared to be moving on no notable news.

3. $RNAZ: Transcode Therapeutics
Total gain: +48.17%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

08:30 am - Advanced U.S. trade balance in goods - December
08:30 am - Advanced retail inventories - December
08:30 am - Advanced wholesale inventories - December

“Amateurs focus on rewards. Professionals focus on risk management.”

― Alexander Elder

Sourced in:
“Trading for a Living: Psychology, Trading Tactics, Money Management”, by
Alexander Elder, published in 1993.