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Founded Date November 8, 1936
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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 exchange opened on Monday, Chinese-made artificial intelligence (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making giant Nvidia shed nearly $600bn (₤ 482bn) of its market price – the biggest 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 seems a little calmer.
Nvidia shares had a blended start as the US stock exchange opened, company reporter Nick Edser tells us..png)
After flip-flopping a little in the first few minutes, its value recovered – 1.3% greater.
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 dropped 1.39%, while Hong Kon’s Hang Seng made a small 0.14% gain.
