DeepSeek allegedly smuggled Blackwell chips

Market update for December 10, 2025

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Today we break down:

• What to expect from the Fed meeting and Powell’s press conference

• Oracle’s high-stakes earnings as debt worries pile up

• DeepSeek reportedly uses smuggled Nvidia chips to train its next model

• OpenAI bringing Photoshop into ChatGPT plus a new CRO 

• The day’s biggest movers: silver’s record run and GameStop’s earnings slide