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Founded Date 19 May 2008
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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s take stock of what’s taken place over the previous 24 hr.
As the US stock market opened on Monday, Chinese-made artificial intelligence (AI) model DeepSeek stunned investors and sank some tech stocks.
giant Nvidia shed nearly $600bn (₤ 482bn) of its market price – the most significant one-day loss in US history.
Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies also sank – albeit by smaller margins.
A day later on, it seems somewhat calmer.
Nvidia shares had a blended start as the US stock market opened, company reporter Nick Edser informs us.
After flip-flopping a little in the very first couple of minutes, its worth recuperated – standing 1.3% greater.
In Asia, the marketplaces in Taiwan, China and South Korea have actually 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 small 0.14% gain.
