
Yashichi
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Founded Date May 14, 2018
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Sectors Construction
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Posted Jobs 0
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Viewed 5
Company Description
US Tech Stocks Steady as Nvidia Shares Get After DeepSeek Shock
Let’s analyze what’s occurred over the past 24 hours.
As the US stock exchange opened on Monday, Chinese-made expert system (AI) model DeepSeek stunned financiers and sank some tech stocks.
Chip-making huge 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 likewise sank – albeit by smaller sized margins.
A day later on, it appears a little calmer. Nvidia shares had a as the US stock market opened, service press reporter Nick Edser tells us. After flip-flopping somewhat in the first couple of minutes, its worth recovered – standing 1.3% higher.
In Asia, the markets 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.