Demokratie Leben Wismar
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Founded Date April 6, 1962
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US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s take stock of what’s occurred over the past 24 hours.
As the US stock exchange opened on Monday, Chinese-made synthetic intelligence (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making huge Nvidia shed nearly $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 margins.
A day later on, it appears a little calmer. had a mixed start as the US stock market opened, company press reporter Nick Edser informs us. After flip-flopping slightly in the first few minutes, its value recuperated – standing 1.3% greater.
In Asia, the marketplaces 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.
