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Founded Date August 14, 1933
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Sectors Information Technology
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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 previous 24 hr.
As the US stock market opened on Monday, Chinese-made expert system (AI) design DeepSeek stunned investors and sank some tech stocks.
Chip-making huge Nvidia shed almost $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 also sank – albeit by smaller sized margins.
A day later, it appears somewhat calmer. Nvidia shares had a blended start as the US stock exchange opened, company press reporter Nick Edser tells us. After flip-flopping somewhat in the 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 1.39%, while Hong Kon’s Hang Seng made a little 0.14% gain.