Overview

  • Founded Date July 13, 2024
  • Sectors Office
  • Posted Jobs 0
  • Viewed 7

Company Description

US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock

Let’s analyze what’s occurred over the past 24 hours.

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

Chip-making shed almost $600bn (₤ 482bn) of its market value – 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 margins.

A day later, it appears a little calmer. Nvidia shares had a combined start as the US stock exchange opened, company press reporter Nick Edser tells us. After flip-flopping a little in the very first couple of minutes, its worth 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 small 0.14% gain.

Scroll to Top