Futures tumble as China's DeepSeek up-end Nvidia and AI stocks. Tesla, Meta, Microsoft and Apple headline earnings this week.

Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.

Nvidia still has the stock-boosting power, but its strength may be waning as some investors wonder how long it will last.

Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia ... after the Federal Reserve back rate-cut ...

(Reuters) -Futures linked to the tech-heavy Nasdaq tumbled on Monday as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.

Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.

U.S. stock indexes were mixed, with the Nasdaq under pressure again as investors keep trimming forecasts for rate cuts. Chips also dip on export curb.

Tesla, Meta, Microsoft are near buy points with Apple earnings also due. Will China's DeepSeek up-end AI stocks?

Nevertheless, growth stocks outperformed value stocks in 2024, and investors anticipate that trend will continue as the Federal Reserve cuts interest rates. Here are 10 of CFRA analysts' top growth stocks that have reported at least 15% annual revenue growth in the past three years:

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

Tech was headed for a rough start to the week. Futures tracking the Nasdaq 100 tumbled 1.3% as investors fretted that a combination of sticky inflation and a red-hot labor market will mean the Federal Reserve doesn't have to cut interest rates at all in 2025.

Tesla, Meta, Microsoft are near buy points with Apple earnings also due. Will China's DeepSeek up-end AI stocks?