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Founded Date September 6, 2016
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Sectors Automotive Jobs
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US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s analyze what’s occurred over the previous 24 hours.
As the US stock exchange opened on Monday, Chinese-made expert system (AI) design DeepSeek stunned financiers and sank some tech stocks.
Chip-making huge Nvidia shed almost $600bn (₤ 482bn) of its market price – the most significant 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 appears a little calmer. Nvidia shares had a mixed start as the US stock exchange opened, company reporter Nick Edser tells us.
After flip-flopping a little in the first few minutes, its value recovered – 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, 225 index had actually dropped 1.39%, while Hong Kon’s Hang Seng made a little 0.14% gain.