Having tumbled 17% on Monday, wiping almost £500bn off its value in the biggest one-day stock market loss in corporate history, the shares rose almost 8%.
Tuesday’s session followed a start to the week that marked Nvidia’s worst day in years, as a roughly 17% drop led to a loss of nearly $600 billion in market value.
Shares of Nvidia ( NVDA 6.97%) surged higher on Tuesday, after taking it on the chin Monday. The maker of graphics processing units (GPUs) used for artificial intelligence (AI) applications gained as much as 7.2%. As of 1:30 p.m. ET, the stock was still up 7.1%.
Rebounding tech stocks drove U.S. indexes higher a day after they tumbled on doubts about the artificial intelligence frenzy.
A Chinese tech startup has put Wall Street, Silicon Valley and Washington into a frenzy this week with innovations in artificial intelligence development that h
NVIDIA (NASDAQ:NVDA) shares bounced back strongly Tuesday following Monday’s DeepSeek-related sell-off, which whipped out a record $589 billion in market value in the AI chip giant. Shares of NVIDIA closed up 8.
The sudden popularity of a Chinese artificial intelligence app called DeepSeek pummeled tech stocks and captivated Silicon Valley on Monday, prompting debate in political and tech industry circles about how the United States can maintain its lead in AI.
The success of a mysterious Chinese lab has investors questioning the AI spending boom that has swept through Silicon Valley.
Investors piled back into Nvidia and other U.S. AI stocks Tuesday, although recent volatility had some on Wall Street tempering their expectations.