The S&P 500 and the Nasdaq treaded water on Wednesday, as losses in tech heavyweights Apple and Nvidia limited broader gains and investor focus turned to the U.S. Federal Reserve's interest-rate decision,

The S&P 500 gained 0.5% on Thursday, Jan. 23, reaching a record close as President Donald Trump pressed for lower oil prices and interest rates.

S&P 500 futures are near flat Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the broad index ticked higher by 0.1%, while Nasdaq 100 futures added 0.3%. Dow Jones Industrial Average futures added 53 points, or 0.1%.

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

The S&P 500 advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Technology Select Sector SPDR Fund (XLK) rose more than 2%, following a 4.9% loss on Monday. The Nasdaq Composite surged 2.03% to 19,733.59, following a 3.1% decline a day ago.

Chinese artificial intelligence (AI) start-up DeepSeek which only employs 200 people, has resulted in a member of the Magnificent 7 losing $600bn of market value and the US president declaring it a “wake up call” for US tech firms.

The S&P 500 and the Nasdaq Composite were on track to close lower Monday as concerns regarding artificial intelligence competition from a Chinese startup rattled the US technology sector. The tech-heavy Nasdaq was down 3.

The S&P 500 and Nasdaq plunged at midday when Chinese artificial intelligence startup DeepSeek shook up the sector with a lower-cost large language model.

The Nasdaq & S&P 500 fell after Chinese startup DeepSeek shows AI can be built cheaply, sparking fears AI spending will stall. The blue-chip Dow rose.

The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.

This was the stock's second consecutive day of gains.

Compared to the aggregate P/E ratio of the 69.01 in the Semiconductors & Semiconductor Equipment industry, Micron Technology Inc. has a lower P/E ratio of 25.5. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.