Overview

  • Founded Date February 4, 1926
  • Sectors Automotive
  • Posted Jobs 0
  • Viewed 7

Company Description

US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock

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

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

Chip-making giant Nvidia shed nearly $600bn (₤ 482bn) of its market price – the greatest 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 appears somewhat calmer. Nvidia shares had a as the US stock market opened, company 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 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 little 0.14% gain.