Hala,
Did you know running just five times a week for 30–40 minutes can knock nine years off your biological age?(1)🏃♂️⏳ It’s all thanks to preserving your telomeres — the little chromosome bodyguards. Guess it’s time to outrun Father Time! ⏰👟
amana’s Take
- XRP jumped 11.5% to $3.11 as Ripple flexed its growth muscles, snagging new licenses in New York and Texas. With bolstered cross-border payment capabilities and growing XRP adoption, Ripple’s expansion is a bright spot in a rocky crypto landscape.
- Crypto volatility took center stage thanks to the buzz around Chinese AI tool DeepSeek, triggering a tech-stock sell-off. XRP wasn’t immune, dipping briefly before bouncing back — a reminder that even digital assets can’t escape market drama.
- Speculation over the SEC potentially dropping its Ripple appeal added fuel to XRP’s rally. With chatter about regulatory clarity and possible leadership changes at the SEC, investors are watching closely — popcorn in hand.
Stock Market Update
📉🤖 China’s DeepSeek sent shockwaves through Wall Street on Monday with its budget AI model, sinking the Nasdaq 100 by 2.97% to 21,127.28 and the S&P 500 by 1.46% to 6,012.28. The Dow, however, flexed its muscles, rising 0.65% to 44,713.58 thanks to gains from Apple, J&J, and Travelers. While the markets hit snooze, the Dow hit the gym.(2) 🏋️🕶️
↘️👣 Meanwhile, Gulf markets tripped on U.S. trade uncertainty. Abu Dhabi eased 0.2% to 9,553, and Dubai slipped 0.7% to 5,192.(3) ⬇️⏬
🚢💥 DeepSeek’s New AI Sparks Wild Market Waves
Imagine this: Nvidia’s massive, sturdy ship, cruising along in the AI ocean, with its shiny chips and sleek tech, just minding its business, when out of nowhere — bam! — a much smaller, faster vessel named DeepSeek pulls up beside it, revving its engines, ready to overtake! DeepSeek, a Chinese startup with a free AI assistant that’s taking over app stores, has investors scrambling like seagulls chasing after french fries. Nvidia, once the undisputed heavyweight champ of AI chips, saw its market value drop by a jaw-dropping $593 billion in a single day — ouch!(4) 🌊💣
📉📱 Stock Drama Unfolds:
- Nvidia suffered a huge loss with its stock plunging almost 17% — that’s not a small wave; it’s a full-on market wipeout.
- DeepSeek’s AI assistant took the app store by storm, outranking ChatGPT with a cost-effective model that’s not just cheaper, it’s a speedster! 🚀
- The market took a dive, the Nasdaq dropped 3.1%, and investors swapped tech stocks for safer bets like bonds — anyone else think the market’s a bit seasick right now? 🤢💸
⚖️💡 Is This the Start of a New AI Era?
Some investors are shaking their heads, thinking this could be the beginning of a brand-new AI chapter. Marc Andreessen called DeepSeek’s R1 model the “Sputnik moment,” marking the dawn of a new AI race. Meanwhile, some investors, like Daniel Morgan, say it’s all a bit of an overreaction. Regardless of the takeaways, Nvidia’s share price is down, but the AI tech battle is just heating up! 🌐🔮
Closer to Home
- 💰 Foreigners just got the green light to invest in Saudi-listed firms owning real estate in Makkah and Madinah, unlocking fresh financing for the sector.(5) Looks like the market’s rolling out the welcome mat. 🎉
- 🏦 Saudi’s investment firm Al Rajhi Capital is gearing up to roll out a new Islamic bond, the Al Rajhi Global Sukuk Fund, with CMA’s green light in hand.(6) The Sukuk market just got a little busier. 💸
- 🤑 UAE’s Abu Dhabi Commercial Bank cashed in big in Q4 2024, with a 5% profit boost to AED 2.57B ($699.71M), driven by a 57% jump in non-interest income.(7) That’s how you close a quarter. 💪
What Else Is Trending
- 🪙 In crypto news, Bitcoin slipped below $100K on Monday, dropping 6% to $98,852 as caution over China’s DeepSeek spooked Western tech. Even crypto caught the chill.(8) 🥶
- 🛢️ Oil prices followed suit, hitting a two-week low as this AI model from China sparked energy demand fears. Brent fell 1.8% to $77.08, and WTI slid 2.0% to $73.17.(9) ⛽
- 📲 Meanwhile, Apple switched Apple Intelligence on by default for users with supported devices, but AI news summaries got sidelined after some headline hiccups.(10) Guess even AI isn’t immune to fake news! 🙃
💬Quote of the Day
“DeepSeek R1 is one of the most amazing and impressive breakthroughs I’ve ever seen.” — Marc Andreessen, Silicon Valley venture capitalist
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Sources:(1) Pubity, (2) (10) CNBC, (3) (4) (9) Reuters, (5) (6) (7) (8) Zawya
