The Nasdaq soars 350 points as Nvidia stock rebounds from the DeepSeek crash
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The Nasdaq and other major indexes recovered on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday, regained more than 7% in the rebound.
By the afternoon, the tech-heavy Nasdaq surged 362 points, or 1.8%, while the S&P 500 and Dow Jones Industrial Average rose 0.9% and 0.3%, respectively.
Meanwhile, investors are closely watching the Federal Reserve’s two-day policy meeting, due on Wednesday.
Nvidia and other tech stocks are rebounding
Nvidia (NVDA+7.10%) stock saw a slight turnaround Tuesday after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China.
Other major chip stocks also recovered a bit on Tuesday, including Broadcom (AVGO+1.39%) and Taiwan Semiconductor Manufacturing Co. (TSM+4.30%).
Major earnings due this week
This week, significant earnings reports are due from big tech companies, such as Apple (AAPL+3.90%), Tesla (TSLA-0.20%), Meta (META+2.88%), and Microsoft (MSFT+2.84%). Other than tech giants, Visa (V+0.62%), Mastercard (MA+0.41%), Novartis (NVS-1.53%), and others will also share their financial report cards.
— Rocio Fabbro contributed to this article
