DeepSeek, a Chinese AI company, is close to raising at least 80 billion yuan (about $12 billion) in a funding round backed by Tencent and CATL. The financing could value DeepSeek at a minimum of $75 billion, potentially reaching nearly $15 billion if the total funding approaches 100 billion yuan. The increased investor demand followed the launch of DeepSeek's latest AI model, surpassing its initial $7.5 billion target. The company plans to use the funds to expand AI capabilities and computing infrastructure, restructure, and prepare for an IPO in early 2027, marking it as one of China's most valuable private AI firms.
DeepSeek's funding plans provide context for technology sector activity on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Oct 06, 2026 21:21 WIB: out of 150 priced US tech stocks, 84 rose and 62 fell. Notable movers include MRVL at USD 290.05 (+6.93%), WDC at USD 413.66 (-6.34%), and NBIS at USD 247.29 (+6.33%).
Morgan Stanley analyst Bob Huang lowered American International Group's (AIG) price target to $80 from $81, with the stock trading around $76, indicating potential upside. AIG is set to report its Q3 2026 earnings on November 3, with investors focuse...
Vertiv Holdings, a maker of power and cooling equipment for data centers, faces mixed analyst opinions with GLJ Research rating it a "Sell" and BMO Capital giving an "Outperform" rating. Despite a recent stock pullback, the company reported a 241% in...
Apogee Enterprises reported strong fiscal Q2 results with adjusted earnings of $1.17 per share, nearly double the estimated $0.59, and revenue of $391.14 million, surpassing expectations of $362.6 million. This marks a continued trend of beating esti...
McKesson received a bullish price target of $977 from Morgan Stanley, suggesting a 6.7% upside from its current price of $915.45. The company agreed to acquire Option Care Health for $32.05 per share, valuing the deal at approximately $5.8 billion in...
Ameriprise Financial has authorized an additional $5.5 billion for share repurchases through September 2028, supported by $2.1 billion in excess capital and $2.8 billion in liquidity. The company returned $1.9 billion to shareholders in H1 2026, incl...
