Following the market plunge triggered by the release of the DeepSeek chatbot, Nvidia has recovered a large portion of its losses.
Nvidia has managed to recoup some of its losses after a disastrous day of trading, which saw tech stocks across the board rocked by the entry of Chinese chatbot DeepSeek into the AI space.Shares in the chip and software company opened at $126.48 on Wednesday. While down from $128.99 on Tuesday, this marks a 6.8 percent improvement from its closing price of $118.42 on Monday, a near four-month low.The company has also tacked billions back onto its market capitalization, currently $3.
Broadcom and Taiwan Semiconductors have also been making modest recoveries since Monday.What People Are SayingFormer Google CEO and chairman Eric Schmidt and MakerMaker.AI CEO and cofounder Dhaval Adjodah, in a Tuesday column for The Washington Post: 'There is clearly mounting pressure on America's Big Tech players if DeepSeek can compete with them using far fewer resources.
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