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Key Stocks to Watch Today: Nvidia, Broadcom, Tesla, AT&T, SoFi, and More

Key Stocks to Watch Today: Nvidia, Broadcom, Tesla, AT&T, SoFi, and More

Stock futures were under pressure on Monday as the Nasdaq Composite looked set to open sharply lower, rattled by concerns over Chinese AI startup DeepSeek challenging U.S. tech dominance. Here’s a breakdown of the biggest movers:

Tech Stocks Slide​

  • Nvidia (-11%): The leading AI chipmaker saw sharp declines after news that DeepSeek developed a competing AI model requiring less computing power than ChatGPT.
  • Broadcom (-13%): The semiconductor and software company tumbled on concerns over reduced demand for high-tech chips.
  • ASML (-6.7%): The Dutch maker of chip-manufacturing machines also dropped in response to DeepSeek’s advancements.
  • GE Vernova (-14%) & Vertiv Holdings (-16%): Both companies fell amid worries that DeepSeek's AI model could reduce the energy needs of data centers.

Other Movers​

  • Oracle (-8%): Shares slid after a Reuters report over the weekend highlighted Oracle’s role in a proposed plan to save TikTok, alongside a joint AI infrastructure investment of $500 billion with OpenAI and SoftBank.
  • Microsoft (-4.9%): The tech giant’s shares declined as investors evaluated the implications of DeepSeek’s AI model.

Positive Earnings Reports​

  • AT&T (+2.4%): The telecom giant rose after reporting better-than-expected fourth-quarter earnings and a strong uptick in mobile plan subscribers.
  • SoFi (-11%): Despite beating earnings and revenue estimates, the fintech’s stock dropped on weaker-than-expected guidance for Q1 and the full year.

Other Developments​

  • United States Steel (-1.7%): Reports from The Wall Street Journal suggest activist investor Ancora Holdings may push for leadership changes and a halt to merger talks with Japan’s Nippon Steel.
  • Venture Global (-2%): Shares of the LNG exporter fell below their IPO price of $25, following a historic $60 billion IPO last week.

Tesla (-3.7%)​

The EV maker is set to report fourth-quarter earnings on Wednesday. Investors are watching closely for updates on operating margins, projected to rise to 10.5% compared to 8% a year earlier.

Earnings Ahead​

Reports this week are expected from major names, including Apple, Microsoft, Meta Platforms, Boeing, Intel, Exxon Mobil, Chevron, Visa, Mastercard, Starbucks, General Motors, and more.

As the week unfolds, investors will be closely watching how these companies navigate challenges in the evolving AI and tech landscape.

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