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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s analyze what’s occurred over the previous 24 hours.
As the US stock exchange opened on Monday, Chinese-made artificial intelligence (AI) model DeepSeek stunned investors and sank some tech stocks.
Chip-making giant Nvidia shed nearly $600bn (₤ 482bn) of its market price – the greatest one-day loss in US history. Other tech stocks such as Microsoft, Google-owner Alphabet and Dell also sank – albeit by smaller sized margins.
A day later on, it appears a little calmer. Nvidia shares had a blended start as the US stock market opened, organization press reporter Nick Edser informs us.
After flip-flopping somewhat in the first couple of minutes, its value recovered – standing 1.3% greater.
In Asia, the marketplaces in Taiwan, China and South Korea have closed for the Lunar New Year. But by the end of Tuesday’s trading, Tokyo’s Nikkei 225 index had dropped 1.39%, while Hong Kon’s Hang Seng made a little 0.14% gain.