Michiko Kohamada

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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock

Let’s analyze what’s happened over the previous 24 hours.

As the US stock exchange opened on Monday, Chinese-made artificial intelligence (AI) model DeepSeek stunned financiers and sank some tech stocks.

huge Nvidia shed almost $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 margins.

A day later, it appears slightly calmer. Nvidia shares had a mixed start as the US stock exchange opened, business reporter Nick Edser tells us. After flip-flopping a little in the very first few minutes, its value recuperated – standing 1.3% higher.

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.