After the trauma of the Chinese “Deep Seick” … the stability of American stock indicators

The prices of the shares of Nafidia and other American technology companies stabilized at the beginning of trading today, Tuesday, after they declined yesterday, against the backdrop of doubts that resulted in the fact that the artificial intelligence sector needs all these huge funds that are pumped into the United States.
The broader S&P 500 index increased by 0.5% by ten o’clock in the morning, the American Eastern Coast time, while the Dow Jones Industrial Index increased by 117 points, or 0.5%. The Nasdaq Al -Mujami increased by 0.8%, after declining 3.1% yesterday.

American stocks

The light remained focused on Nafidia, which produces the chips used in its arrow as a model of the state of mania surrounding artificial intelligence techniques.
The company’s share price increased by 1.4%, after yesterday decreased by about 17%, which was the largest daily decline since the Korona virus in 2020. The shares of companies associated with other artificial intelligence fluctuated between simple gains and loss, including the Broadcasting Company, which declined its share. 0.5%.

Technology companies

The share of Constilation Energy fell by 2.6% after it lost its early gains, to lose the stock most of the gains it achieved from the expectations of increasing demand for its production of electricity to operate the huge artificial intelligence data centers that consume huge amounts of electricity.
The American technology companies, especially those related to artificial intelligence, are facing the threat after the emerging Chinese Deep Seck company announced the development of a large language language model for artificial intelligence that can do the same tasks that major American companies models do, but at a much lower cost than the cost of American companies models.

Artificial Intelligence Applications

The Chinese company’s achievement raises doubts that the need for huge investments in artificial intelligence applications will remain. At the same time, the shares of companies that are not associated with artificial intelligence have held somewhat well yesterday, while their performance varied today, after the issuance of a group of different reports from the quarterly profits of companies.
The shares of Royal Caribian for tourist ships increased by 9% after the results of the cruise operating company exceeded the expenses of the analysts for profits during the last quarter of last year.
On the other hand, the share of Jet Blue Aviation decreased by 23.7%, despite the announcement of the announcement of the last annual quarterly losses than analysts’ expectations.

Consumer confidence index

In terms of economic reports, the UN confidence index in the United States continued its decline for the second month in a row, according to a report published today, Tuesday.
The Independent Convention Board Institute for Economic Studies said that the consumer confidence index fell during the current month to 104.1 points compared to 109.5 points during December, while analysts expected to decline to 10.8 points only.