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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 hr.
As the US stock exchange opened on Monday, Chinese-made expert system (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making giant Nvidia shed almost $600bn (₤ 482bn) of its – the most significant one-day loss in US history. Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies also sank – albeit by smaller sized margins.
A day later on, it seems slightly calmer. Nvidia shares had a combined start as the US stock exchange opened, business press reporter Nick Edser informs us.
After flip-flopping slightly in the very first few minutes, its value recovered – standing 1.3% greater.
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.