Transpacam
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Founded Date December 20, 1918
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Sectors Nursing
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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) design DeepSeek stunned investors and sank some tech stocks.
Chip-making giant Nvidia shed practically $600bn (₤ 482bn) of its market value – 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 sized margins.
A day later on, it seems somewhat calmer.
Nvidia shares had a blended start as the US stock exchange opened, organization press reporter Nick Edser us.
After flip-flopping a little in the very 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 dropped 1.39%, while Hong Kon’s Hang Seng made a little 0.14% gain.
