Nvidia, AI stocks rebound as markets assess DeepSeek

Arista Networks

28/01/2025 16:43

(Updates after markets open)
    ** Shares of U.S.-listed companies linked to artificial
intelligence recovered ground in choppy trading after a steep
slump in the previous session
    ** Selloff in global technology shares eases after Monday's
rout, sparked by Chinese startup DeepSeek's launch of a free AI
assistant  
    ** Despite day's rebound, continued volatility likely as
investors question the dominance of U.S. AI companies and the
need for expensive chips
    ** AI darling Nvidia  NVDA.O  rises 2.5% after slumping 17%
on Monday and losing $593 billion from its market value, a
record one-day loss for any company
    ** Nvidia shares briefly turned negative when markets opened
before turning higher 
        ** Chip stocks mixed: Broadcom  AVGO.O  reverses
premarket gains to trade 0.6% lower, Philadelphia SE
Semiconductor Index  .SOX  down 0.9% 
  
     ** U.S.-listed shares of Taiwan Semiconductor Manufacturing
 TSM.N  up 2.4%, Marvell Technology  MRVL.O  gains 2.3%, U.S.
listing of Arm Holdings  ARM.O  up 1% 
    ** Apple  AAPL.O  jumps 4% 
        ** Alphabet  GOOGL.O  gains 1.4%, Microsoft  MSFT.O  up
1.7%, Meta Platforms  META O> rises 2.2%
  
    ** Software company Oracle  ORCL.N  up 2.8%, Palantir
Technologies  PLTR.O  rises 4.4% 
    ** C3.ai  AI.N  up 4.3%, cloud computing provider Arista
Networks  ANET.N  gains 2%
        ** AI server maker Super Micro Computer  SMCI.O  down
3.5% after 12.6% drop on Monday
  

 (Reporting by Lisa Mattackal)
 ((LisaPauline.Mattackal@thomsonreuters.com;))