Big tech earnings: Live updates as the Magnificent 7 announce results

The live blog discusses the impact of DeepSeek on big tech shares, particularly focusing on its AI capabilities and the potential implications for companies like Meta, Microsoft, and Tesla. Analysts question the cost of DeepSeek’s AI model and its reliance on open-source technology. Renowned investor Ray Dalio compares the current AI boom to the dot-com bubble, raising concerns about profitability and the US-China tech war. DeepSeek’s success has caused a sell-off in US big tech stocks, with Nvidia experiencing a significant market cap loss. Despite this, Nvidia is known for bouncing back with strong financial results. The summary also mentions positive earnings reports from companies like Netflix and TSM in the tech sector. Shares of Netflix surged 14.8% following a revenue beat and strong subscriber growth, while SAP saw a 2% drop in shares after missing earnings per share estimates. This week, Meta, Microsoft, Tesla, and Apple are among the Magnificent Seven companies reporting earnings, with Alphabet and Amazon following next week, and Nvidia reporting later in February. Stay tuned for updates and analysis on these major tech earnings announcements.

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