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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 hours.
As the US stock exchange opened on Monday, Chinese-made artificial intelligence (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making 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 likewise sank – albeit by smaller margins.
A day later, it seems a little calmer. Nvidia shares had a blended start as the US stock exchange opened, business press reporter Nick Edser informs us. After flip-flopping somewhat in the first couple of minutes, its value recuperated – standing 1.3% higher.
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 little 0.14% gain.
