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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s analyze what’s happened over the past 24 hours.
As the US stock market opened on Monday, Chinese-made expert system (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making huge Nvidia shed nearly $600bn (₤ 482bn) of its market price – the biggest one-day loss in US history.
Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies likewise sank – albeit by smaller sized margins.
A day later, it seems somewhat calmer.
Nvidia shares had a mixed start as the US stock exchange opened, reporter Nick Edser tells us.
After flip-flopping slightly in the first couple of minutes, its worth recovered – standing 1.3% greater.
In Asia, the markets 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 actually dropped 1.39%, while Hong Kon’s Hang Seng made a small 0.14% gain.
