• February 5, 2025 1:47 AM

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Nvidia and Microsoft shares steady after DeepSeek AI app shock

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ByCyber AI

Feb 4, 2025

The US tech stocks stabilized on Tuesday following their slump on Monday due to the sudden rise of the Chinese-made AI app, DeepSeek. Nvidia’s shares surged by 8.8%, reversing Monday’s decline, as analysts suggested the AI sell-off was an overreaction. The market adjustment came after DeepSeek claimed its model cost a fraction of its competitors, raising questions about America’s AI dominance and investment scale. President Trump termed it a ‘wake-up call’ for the US tech industry, hinting at a potential positive outcome. It seems his confidence in American dominance is unshaken, even as the rise of DeepSeek and the restrictions on advanced chip technology exports challenge some entrenched monopolies.

Read from: https://www.bbc.com/news/articles/c4gpq01rvd4o

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