View allAll Photos Tagged gspc
MSN 29004 LN 138
B777-228ER / 777 / 777-200 / 777-200ER
AIR FRANCE
CDG AIRPORT
ONE TIME IN THIS PLANE CDG-IAD IN 2008
F-GSPC - Boeing B-777-228ER - Air France
(leased from BBAM)
at Vancouver International Airport (YVR)
c/n 29.004 -built in 1998 -
stored CDG 12/5/21-3/15/22 - stored TEV since 3/15/22
Don't jump off the Nvidia bandwagon just yet.
China’s AI startup DeepSeek triggered a tech sell-off today as investors panicked over fears of a cheaper open-source large language model, raising concerns about the US’s AI dominance.
The tech-heavy Nasdaq (^IXIC) closed down 3%, with Nvidia (NVDA) leading the decline. The chip giant’s stock plummeted 16.9%, erasing a record $589 billion from its market cap.
That sent a ripple across the broader technology sector. Chip stocks including Broadcom (AVGO), Lam Research (LRCX), KLA (KLAC), and Marvell (MRVL) fell Monday, while Magnificent Seven members Microsoft (MSFT) and Alphabet (GOOGL) dropped 2% and 4%, respectively.
The fall adds pressure for the group ahead of fourth quarter earnings. Wall Street is already expecting the group’s profit growth to fall to 22% in the fourth quarter, its slowest rate in nearly two years, amid renewed focus on capital expenditures.
Watch: Nvidia rout highlights 'concentration risk' in markets
But the panic-selling may be overdone, according to top analysts. Bernstein’s Stacy Rasgon characterized the market's reaction as "overblown," telling me the development of DeepSeek doesn’t spell out “doomsday for AI infrastructure."
“I am not of the belief that we're anywhere close to the cap on compute needs for artificial intelligence,” Rasgon said. “I'm of the belief that if you're freeing up compute capacity, it likely gets absorbed … We're going to need innovations like this if you're going to be able to keep things going.”
Futurum’s chief strategist Daniel Newman echoed this sentiment. He said a more efficient model like DeepSeek will expand AI use, citing an economics concept called the Jevons Paradox.
“The market is completely missing this one,” Newman warned. “If we can use compute more efficiently … the companies that we're saying aren’t driving enough revenue will be able to build their models cheaper. They'll be able to create solutions with less overhead expense, and they're going to drive more EPS.”
The idea of the Jevons Paradox was also cited by Microsoft CEO Satya Nadella, who tweeted that as AI gets more efficient, its use will skyrocket.
“Spending is still continuing to accelerate … I don't think that this has to stop that,” Rasgon added.
And it's perhaps that sentiment that helped alleviate some of Wall Street’s initial panic as Big Tech names including Microsoft closed well off their lows of the session, while Amazon and Meta finished Monday up 0.3% and 1.9%.
For the broader market, Principal Asset Management’s chief global strategist Seema Shah downplayed correction fears, telling me she still sees a “constructive” macro environment.
“I don't think we're at a point where we can start talking about correction territory ... The economic environment is still very constructive for earnings across most sectors,” Shah told me on Yahoo Finance’s Morning Brief.
“If DeepSeek is everything they're saying, this is ultimately positive for productivity around the world for all sectors … it certainly isn't the end of the story of the US exceptionalism and productivity.”
The Nasdaq closed Monday down 3%, while the S&P 500 (^GSPC) dropped 1.5%. The Dow Jones Industrial Average (^DJI) reversed earlier losses, ending up 0.65%.
Seana Smith is an anchor at Yahoo Finance. Follow Smith on X @SeanaNSmith. Tips on deals, mergers, activist situations, or anything else? Email seanasmith@yahooinc.com.
Guilty as charged!
Right in front of my nose, huge buildings, occupied by hundreds of families.
Downtown San Paulo, Brazil.
Few blocks from the City Hall, the Stock Exchange, the Central Bank among so many other fundamental, worthy and basic institutions.
In just one of the buildings, 475 families occupies 27 unfinished floors.
Kids play and run.
Clotheslines on the outside of the building, without any protection from falling down and in front of the entire city.
Windows, with breathtaking views, of one of the biggest and most populated cities on the Planet, made of compensated wood or sticks, even at the 27th floor.
People that use strength and organization to impose their reality, to a society that doesn’t care to listen.
Guilty as charged!
Project link www.alessandro-vecchi.com/occupy
These images were taken for the South African documentary Not in my Neighbourhood www.instagram.com/notinmyneighbourhood/
You can also check out this project featured on Positive Magazine www.positive-magazine.com/downtown-san-paulo/
I spent many pleasant hours at the Royal Botanical Gardens today .
"Royal Botanical Gardens (RBG) is headquartered in Burlington and also owns extensive natural areas and gardens lands in Hamilton, Ontario, Canada.
It is one of the major tourist attractions between Niagara Falls and Toronto, as well as a significant local and regional horticultural, education, conservation, and scientific resource.
On 31 July 2006, Royal Botanical Gardens was selected as the National Focal Point for the Global strategy for plant conservation (GSPC) by Environment Canada.[1]
The 980 hectares (2,422 acres) of nature sanctuary owned by the Royal Botanical Gardens is considered an important plant biodiversity hotspot for Canada, with a very high proportion of the wild plants of Canada in one area"
"Formal permission was obtained in 1930 from King George V to call the gardens the "Royal Botanical Gardens"
- Wikipedia