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Founded Date March 25, 1963
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Sectors IT
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Company Description
US Tech Stocks Steady as Nvidia Shares Pick up After DeepSeek Shock
Let’s analyze what’s occurred over the past 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 shed almost $600bn (₤ 482bn) of its market worth – 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 sized margins.
A day later, it seems somewhat calmer. Nvidia shares had a mixed start as the US stock exchange opened, business press reporter Nick Edser tells us. After flip-flopping a little in the very first couple of minutes, its worth recovered – 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 actually dropped 1.39%, while Hong Kon’s Hang Seng made a small 0.14% gain.
