US Stock Market LIVE: Following sharp losses in the previous session due to the popularity of a low-cost Chinese artificial intelligence (AI) model called "DeepSeek," which shook the stocks of US companies who invested in the technology, S&P 500 and Nasdaq futures steadied on Tuesday, January 28. The benchmark S&P 500 sank almost 1.5% on Monday, while the tech-heavy Nasdaq plunged over 3%, its worst one-day performance in over a month.
Following the release of AI models by Chinese firm DeepSeek that it claims are comparable to or superior to industry-leading models in the US for a fraction of the price, Monday saw a selloff. Leading AI chip maker Nvidia increased 4.8% in pre-market trading the day after its shares plummeted 17% in the largest single-session loss for any firm, wiping out $600 billion from its market worth.Other AI-related equities also saw some recovery, with Broadcom and Oracle climbing 4.5% and 3.5%, respectively. After plunging a day earlier, power firms were generally higher as they anticipate a spike in demand from energy-intensive data centers required to build AI technology. GE Vernova and Vistra both contributed 4.6%.
DeepSeek challenges a wager in markets that AI will drive demand throughout a supply chain from chipmakers to data centers by claiming to use less expensive chips and data. DeepSeek surpassed competitor AI platform ChatGPT to become the top-rated free application on Apple's App Store in the US.
US Stock Market LIVE: Tuesday's gains for Nvidia shares
US Stock Market LIVE: A day after the chipmaker was hammered by revelations about a new, ostensibly low-cost Chinse artificial intelligence business, Nvidia's shares slightly increased Tuesday, and the tech-focused Nasdaq index recorded early gains as Wall Street opened. The Nasdaq Composite Index was at 19,349.02 minutes into trading, the broad-based S&P 500 was flat at 6,012.52, and the Dow Jones Industrial Average was up 0.1 percent at 44,767.21.
US Stock Market LIVE: Tuesday's opening of Wall Street is higher
US Stock Market LIVE: As AI-related stocks recovered some of the steep losses from the previous session and a range of business earnings drove volatility, the S&P 500 and the Nasdaq opened higher on Tuesday.
The Dow Jones Industrial Average opened at 44,756.36, up 42.8 points, or 0.10 percent. At the opening bell, the Nasdaq Composite increased 76.4 points, or 0.39 percent, to 19,418.219, while the S&P 500 increased 14.7 points, or 0.24 percent, to 6,026.97.
US Stock Market LIVE: Tuesday's gains for Nvidia shares
US Stock Market LIVE: A day after the chipmaker was hammered by revelations about a new, ostensibly low-cost Chinse artificial intelligence business, Nvidia's shares slightly increased Tuesday, and the tech-focused Nasdaq index recorded early gains as Wall Street opened. The Nasdaq Composite Index was at 19,349.02 minutes into trading, the broad-based S&P 500 was flat at 6,012.52, and the Dow Jones Industrial Average was up 0.1 percent at 44,767.21.
US Stock Market LIVE: Tuesday's opening of Wall Street is higher
US Stock Market LIVE: As AI-related stocks recovered some of the steep losses from the previous session and a range of business earnings drove volatility, the S&P 500 and the Nasdaq opened higher on Tuesday.
The Dow Jones Industrial Average opened at 44,756.36, up 42.8 points, or 0.10 percent. At the opening bell, the Nasdaq Composite increased 76.4 points, or 0.39 percent, to 19,418.219, while the S&P 500 increased 14.7 points, or 0.24 percent, to 6,026.97.
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