By WSJ Staff
Nvidia $(NVDA)$: The chipmaker at the heart of the AI boom fell more than 8% in premarket trading, as global semiconductor stocks slid amid panic over Chinese AI upstart DeepSeek.
ASML (NL:ASML, ASML): Shares in the manufacturer of machines for making computer chips were down 10% in the Netherlands. Shares of Japan's SoftBank (JP:9984), which builds data centers for OpenAI, also sold off. In the U.S., Vertiv $(VRT)$, which supplies data-center cooling systems, was down 12% premarket.
U.S. Steel $(X)$: An activist investor is preparing to wage a proxy battle at the steelmaker, seeking to oust its chief executive and drop litigation to salvage its merger with Japan's Nippon Steel (JP:5401). Shares in the U.S. company were down 2% before the opening bell.
AT&T $(T)$ and SoFi $(SOFI)$: Both companies are due to report before Monday's opening bell, as a busy week for earnings kicks off. Shares of financial-services platform SoFi were down over 3% premarket, ahead of its results.
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(END) Dow Jones Newswires
January 27, 2025 05:09 ET (10:09 GMT)
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