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US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s analyze what’s occurred over the previous 24 hours.
As the US stock exchange opened on Monday, Chinese-made expert system (AI) model DeepSeek stunned investors and sank some tech stocks.
Chip-making huge 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 Technologies also sank – albeit by smaller sized margins.
A day later, it seems a little calmer. Nvidia shares had a combined start as the US stock exchange opened, organization press reporter Nick Edser informs us. After flip-flopping slightly in the first couple of minutes, its worth recuperated – standing 1.3% greater.
In Asia, the markets 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 Hang Seng made a small 0.14% gain.
