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US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s analyze what’s taken place over the past 24 hr.
As the US stock exchange opened on Monday, Chinese-made artificial intelligence (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making giant Nvidia shed nearly $600bn (₤ 482bn) of its market worth – the greatest one-day loss in US .
Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies also sank – albeit by smaller margins.
A day later, it seems slightly calmer.
Nvidia shares had a combined start as the US stock market opened, business press reporter Nick Edser tells us.
After flip-flopping slightly in the first couple of minutes, its value recuperated – standing 1.3% higher.
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.
