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Founded Date May 21, 1982
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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s take stock of 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 investors and sank some tech stocks.
Chip-making huge Nvidia shed almost $600bn (₤ 482bn) of its market value – the loss in US history.
Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies likewise sank – albeit by smaller sized margins.
A day later, it appears somewhat calmer.
Nvidia shares had a mixed start as the US stock market opened, service press reporter Nick Edser tells us.
After flip-flopping a little in the first couple of minutes, its value recovered – 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.
