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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s take stock of what’s happened over the previous 24 hours.
As the US stock market opened on Monday, Chinese-made synthetic intelligence (AI) model DeepSeek stunned financiers and sank some tech stocks.
Chip-making huge Nvidia shed almost $600bn (₤ 482bn) of its market price – the greatest 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 slightly calmer.
Nvidia shares had a blended start as the US stock exchange opened, service reporter Nick Edser tells us.
After flip-flopping somewhat in the first couple of minutes, its worth recuperated – standing 1.3% greater.
In Asia, the marketplaces 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 dropped 1.39%, while Hong Kon’s Hang Seng made a small 0.14% gain.
