China US
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

One did not have to seek too deeply to find the biggest market event of this week. 

China’s DeepSeek AI, which is now the subject of investigations into whether China procured NVIDIA chips it isn’t supposed to have access to, truly rattled NVIDIA’s share price but not because of chips. It’s because it has an AI model at all.

Very similar to OpenAI and ChatGPT (but don’t ask it about Taiwan,) the entire market world seemed shocked that China – very good in its own right at making tech work – came out with a large language model.

Personally, I can’t help but think there’s a bit of Americentric thinking in that shocked reaction, but hey. The big takeaway is NVIDIA staged the largest overnight loss in history and until it recovers, the big ASX data centre stocks probably won’t either.

Also in America: while Apple beat Wall Street estimates in its latest earnings report (only just,) some interesting analysis – if not rather amusing – came from JP Morgan this week relating to Tesla’s latest earnings report.

The Elon Musk headed company missed Wall Street earnings expectations by a whopping 38%, and then Tesla shares jumped 5% higher in aftermarket trades which is widely seen as an attempt by persons unknown to pump the stock.

On an earnings call, Musk said that future earnings would be “epic” and claimed that its AI humanoid robot – which we don’t even know truly exists yet, seeing as human actors have been used to assist when it’s rolled out at expos – could generate trillions in revenue. 

Big claims. Lucky he’s rich and besties with Trump.

Let’s go back Down Under. Sigma Healthcare popped early week as Chemist Warehouse earnings were revealed to be pretty tasty. Chemist Warehouse, after its faux merger with Sigma, lists mid-Feb.

Brainchip took a dive on DeepSeek despite not really being an AI stock no matter how much it wants to talk about the thematic, and we also learned young Australian men are taking a liking to Dutton.

Perhaps all he needs to keep doing is literally just copying whatever Donald Trump says.

See you next week – have a safe weekend.

Australian Equities

Australian Economy

International Equities

International Economies

Commodities

More From The Market Online
American recession concept

Week 9 Wrap: US consumer confidence tanks; China stemming share sales; copper tariffs tipped

The biggest thing about this week to note is that US consumer confidence levels have hit…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 9, 2025

Another week, another busy batch of HotCopper users reading and discussing this week's notable news. Let's…