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  • Founded Date October 4, 1944
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US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock

Let’s take stock of what’s occurred over the past 24 hr.

As the US stock market opened on Monday, Chinese-made expert system (AI) model DeepSeek stunned investors and sank some tech stocks.

Chip-making giant Nvidia shed nearly $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 on, it appears somewhat calmer. Nvidia shares had a blended start as the US stock exchange opened, service reporter Nick Edser informs us. After flip-flopping somewhat in the first few minutes, its worth recovered – 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 actually dropped 1.39%, while Hang Seng made a little 0.14% gain.