NVIDIA experienced a dip in its share price following news that Chinese AI startup DeepSeek is reportedly developing its own AI chip. This development highlights the intensifying competitive landscape within the artificial intelligence chip sector, where NVIDIA currently holds a dominant position.

In other market news, SpaceX, Elon Musk's aerospace company, has officially been included in the Nasdaq-100 index, effective today. This inclusion is significant for the index's composition and could influence fund flows into related ETFs and passive strategies.

Additionally, e-commerce and cloud giant Amazon announced its intention to raise $25 billion through a corporate bond offering. This move suggests Amazon is looking to bolster its capital for future investments, potential acquisitions, or to refinance existing debt, amidst a still-elevated interest rate environment. The market will be watching the terms of this bond issuance closely for signals on corporate borrowing costs and investor appetite for high-grade debt.