U.S. Stocks Open Higher; Nvidia Rallies 3% After Epic DeepSeek Mauling
Tiger Newspress01-28
U.S. stocks open higher on Tuesday after a sell-off fueled by worries over the emergence of Chinese artificial intelligence startup DeepSeek and its implications for technology investment and profits in the U.S.
Nvidia rose 3% in morning trading after shares of the leading maker of artificial-intelligence chips sank 17% on Monday on the DeepSeek news. Nvidia shed $592.7 billion in market capitalization on Monday, the largest-one day market cap decline for any public company on record. The drop in its value pushed down Nvidia’s ranking of the largest U.S. companies by market cap to third from first, behind Apple and Microsoft.
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