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Founded Date May 4, 1926
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Sectors Ocean Freight
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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 previous 24 hr.
As the US stock exchange opened on Monday, Chinese-made expert system (AI) model DeepSeek stunned financiers and sank some tech stocks.
Chip-making giant Nvidia shed nearly $600bn (₤ 482bn) of its market worth – 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 sized margins.
A day later on, it seems a little calmer. Nvidia shares had a blended start as the US stock exchange opened, company reporter Nick Edser informs 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 dropped 1.39%, while Hang Seng made a little 0.14% gain.