The Rundown Hot CPI Report Drags Down Stocks, DeepSeek Pushes Chinese Tech Into Bull Market
Feb 12, 2025
The Consumer Price Index's recent 3% surge raises inflation concerns, affecting major tech stocks like Tesla. Microsoft's pivot towards defense tech highlights a new partnership for augmented reality with the U.S. Army. Meanwhile, the rise of Enderall aims to challenge giants like Lockheed Martin. Chinese tech stocks are also impacted by recent AI innovations, while Lyft's ongoing struggles against Uber lead to declining earnings and partnerships. Super Bowl viewership trends add an intriguing angle to the streaming service landscape.
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Hot Inflation Data
- January's CPI report revealed higher-than-expected inflation, causing market concerns.
- The 3% year-over-year increase and 0.5% month-to-month jump suggest potential re-acceleration.
DeepSeek's Impact on Chinese Tech
- DeepSeek's AI model sparked a surge in Chinese tech stocks, similar to ChatGPT's impact in the US.
- This has led to renewed investor interest despite US chip restrictions and competition with companies like Tesla.
DoorDash Earnings
- DoorDash reported its second-ever quarterly profit since its 2020 IPO, exceeding growth expectations.
- The company's total order value grew by 21%, and revenue increased by 25%, solidifying its market dominance.