Nvidia falls 14% in premarket trading as China’s DeepSeek triggers global tech sell-off

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Nvidia falls 14% in premarket trading as China’s DeepSeek triggers global tech sell-off. 📉 U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off. CNBC reports.

💰 ProfitLine: Verizon outperforms earnings expectations — and the stock climbs. Yahoo Finance reports.

🤖 MetaFocus: Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth. CNBC reports.

💉 PharmaBoost: Novo Nordisk stock surges 7% after Ozempic maker’s latest weight-loss drug shows promise. Yahoo Finance reports.

📈 GoogleClimb: Alphabet shares close above $200 for first time on split-adjusted basis. CNBC reports.

🎶 StreamDeal: Universal Music Group and Spotify strike new agreement. Reuters reports.

🛡️ NuclearDeal: Britain said on Friday it had awarded Rolls-Royce a 9 billion pound ($11 billion) eight-year contract to design, make and support the nuclear reactors that power its fleet of submarines, amid U.S. calls for higher defence spending. Reuters 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. $:JG: Aurora Mobile
Total gain: +174.44%

2. $:AKRO: Akero Therapeutics
Total gain: +91.94%

3. $:ETNB: 89bio
Total gain: +69.98%

4. $:ONCO: Onconetix
Total gain: +53.2%

5. $:TVGN: Tevogen Bio Holdings
Total gain: +51.11%

* 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”.

How Are Measured Moves Used As Targets?

With measured moves, you don't have to guess. You measure the move out and say, "This is my target." A target is not necessarily where you exit a trade. A target is where an action is required. Whether that action is to cut, take off part of the trade, take off the whole trade, tighten your stop to break even, tighten it up to a smaller loss, or even add to it.

If you're a trend trader, many trend traders, when they have a winning trade, add to it because they take some of those winnings and double or triple the position. I don't do that. That approach assumes I can predict how far the move is going to go.

I use measured move targets as a high-probability place where I know the market may pause. It doesn't mean it's going to stop, but it may pause.

The closing price of the top three market percent gainers trading near or above $3 on January 24.

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

1. $NVNI: Nvni Group
Total gain: +191.89%
The company announced that it received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC confirming that it has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). Benzinga reports.

2. $ALUR: Allurion Technologies
Total gain: +132.43%
The company announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 1,240,000 shares of the Company's common stock at a price of $6.00 per share in a registered direct offering priced at-the-market under NYSE rules. Benzinga reports.

3. $EVAX: Evaxion Biotech
Total gain: +63.19%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

10:00 am - New home sales - December

“The greatest investment reward comes to those who research and reach decisions slowly, but act promptly.”

― Philip Fisher

Sourced in:
“Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958