US tech stocks, dollar rebound after DeepSeek-triggered selloff
- Nvidia suffered a record one-day loss of $593 billion, the largest in history, due to the emergence of a low-cost AI model from DeepSeek that challenged U.S. Tech dominance.
- Investors reacted by selling tech stocks globally, causing a drop of over $1 trillion in semiconductor and AI-related shares.
- Despite the selloff, Nvidia shares rose 2% on Tuesday, while the S&P 500 and Dow Jones Industrial Average also saw slight gains.
- U.S. Consumer confidence declined for the second month in January amid concerns about the labor market and inflation.
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Total News Sources0
Leaning Left4Leaning Right2Center4Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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