U.S. S&P 500 E-MINI FUTURES DOWN 1.9%

NASDAQ FUTURES DOWN 3.1%

DOW FUTURES DOWN 1.1%
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*GERMANY JAN. IFO BUSINESS CONFIDENCE INDEX 85.1; EST. +84.7

*GERMANY JAN. IFO CURRENT ASSESSMENT INDEX 86.1; EST. +85.4

*GERMANY JAN. IFO EXPECTATIONS INDEX 84.2; EST. +84.2
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$NVDA - NVIDIA DOWN 7.5% PRE-MARKET
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Premkt

$NVDA: -8.06%
$MSTR: -7.12%
$COIN: -5.52%
$AMD: -4.86%
$META: -4.28%
$MSFT: -3.46%
$AMZN: -3.43%
$TSLA: -3.30%
$GOOGL: -3.22
$AAPL: -1.81%
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KREMLIN SAYS STILL NO SIGNAL FROM U.S. SIDE ABOUT A TRUMP-PUTIN MEETING, APPARENTLY A 'CERTAIN AMOUNT OF TIME' IS NEEDED
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CBOE VOLATILITY INDEX HITS OVER ONE-WEEK HIGH; LAST UP 4.1 POINTS AT 18.9
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$NVDA - NVIDIA DOWN 10% PRE-MARKET
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Premkt

$NVDA: -11.10%
$MSFT: -6.12%
$COIN: -5.44%
$AMZN: -4.97%
$AMD: -4.73%
$MSTR: -4.64%
$META: -4.34%
$GOOGL: -4.03%
$TSLA: -3.34%
$AAPL: -0.94%
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NASDAQ FUTURES TUMBLE 4%
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US 10Y YIELD PLUNGES 10BP TO 4.52%, LOWEST SINCE JAN 2
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NASDAQ FUTURES DROP 5% AHEAD OF MARKET OPEN
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$NVDA - AI-LINKED STOCKS EXTEND PREMARKET LOSSES

NVIDIA DOWN 11.3%, BROADCOM DOWN 14.1%
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DEEPSEEK AI SURPASSES CHATGPT, TAKES TOP SPOT ON APP STORE
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$MSTR - MICROSTRATEGY BOUGHT 10.1K BTC FOR $1.1B AT AVG PRICE OF $105,596
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$NVDA

The DeepSeek sell-off:

Analyst Reactions:
🔸 JPMorgan (Sandeep Deshpande): Suggests the AI investment cycle might be overhyped; DeepSeek's efficiency could lead to a more efficient future.

🔸 Jefferies (Edison Lee): Proposes two strategies post-DeepSeek: continue investing in computing power or focus on efficiency, potentially reducing 2026 AI capex.

Contrasting Views:
🔸 Bernstein (Stacy Rasgon): Believes the panic is overblown; maintains outperform ratings on Nvidia and Broadcom.

🔸 Citi (Atif Malik): Acknowledges a challenge to US dominance but emphasizes the advantage of access to advanced chips, maintaining a buy on Nvidia.

Efficiency and Costs:
🔸 Raymond James (Srini Pajjuri): Suggests that if DeepSeek's innovations are adopted, training costs could decrease, questioning the need for large GPU clusters.

Market Dynamics:
🔸 Cantor (C.J. Muse): Sees DeepSeek's developments as bullish for compute demand, suggesting increased rather than decreased need for GPUs, advocating to buy Nvidia on any dips.
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ISRAEL'S NETANYAHU PLANS TO MEET WITH TRUMP AT WHITE HOUSE NEXT WEEK -ISRAEL’S WALLA NEWS WEBSITE
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IRAN'S REVOLUTIONARY GUARDS COMMANDER SAYS IRAN HAS PURCHASED RUSSIAN-MADE SUKHOI 35 FIGHTER JETS, SNN
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$MSTR - MICROSTRATEGY FILES MIXED SECURITIES SHELF
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*COLOMBIAN PESO SLUMPS 1.5% ON OPEN AMID TRUMP TARIFF SPAT
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UNITED STATES REPORTED FIRST OUTBREAK OF HIGHLY PATHOGENIC H5N9 BIRD FLU IN POULTRY - WOAH
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TRUMP IS EXPECTED TO SIGN AN EXECUTIVE ORDER TODAY BANNING TRANSGENDER TROOPS

President Donald Trump is expected to sign three executive orders on Monday that would reshape the military, including banning transgender service members from serving in the US armed forces, gutting the military’s Diversity Equity and Inclusion (DEI) programs and reinstating service members with backpay who were discharged for refusing to get vaccinated from Covid-19, two Trump White House officials told CNN.
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