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On Monday, prominent AI chipmakers like Nvidia faced stock declines amid worries over potential cancellation of U.S. chip subsidies and President Trump's intent to scrap the CHIPS Act. This downturn was intensified by China's emerging AI capability exemplified by DeepSeek, causing significant losses and tighter semiconductor restrictions from U.S. regulators.

Cryptocurrency markets have slid downward alongside traditional financial markets, with large crypto transactions increasing significantly and almost $823 million in trader liquidations reported within 24 hours. Experts highlight significant price levels and recurring market patterns predicting more volatility.

Rocket Companies Inc. (RKT) is acquiring Redfin Corp. (RDFN) in a $1.75 billion deal, aiming to create a comprehensive online real estate solution for homebuyers, encompassing everything from browsing listings to securing a mortgage. This move is expected to intensify competition for Zillow Group Inc. (ZG) from the combined entity.

Oracle Corp's third-quarter earnings slightly missed estimates, with revenue at $14.13 billion and earnings of $1.47 per share. Despite this shortfall, robust cloud infrastructure growth and substantial AI-related business helped boost investor confidence, driving stocks up 2.16% in after-hours trading.

Robinhood shares experienced a steep decline following anxieties about tariffs and trade tensions, specifically triggered by President Trump's handling of tariffs on Canadian and Mexican imports. Canadian retaliation and continued tariff threats add uncertainty to financial markets, fueling concerns over inflation and volatility.