Thepacificnorthwitch
Add a reviewOverview
-
Sectors Finance
-
Posted Jobs 0
Company Description
US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s take stock of what’s taken place over the past 24 hours.
As the US stock market opened on Monday, Chinese-made expert system (AI) model DeepSeek stunned financiers and sank some tech stocks.
huge Nvidia shed nearly $600bn (₤ 482bn) of its market price – the greatest one-day loss in US history. Other tech stocks such as Microsoft, Google-owner Alphabet and Dell Technologies likewise sank – albeit by smaller margins.
A day later on, it seems somewhat calmer. Nvidia shares had a mixed start as the US stock exchange opened, business reporter Nick Edser informs us. After flip-flopping slightly in the very first couple of minutes, its worth recovered – standing 1.3% greater.
In Asia, the markets 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.
