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International Business Times
International Business Times
Business

US Stocks, Nvidia Shares Steady After Chinese AI Shock

Investors have been spooked by the arrival of DeepSeek's chatbot, sparking a rout in high-flying tech titans (Credit: AFP)

US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek.

US tech shares tanked Monday, with Nvidia tumbling 17 percent, after China's DeepSeek unveiled its R1 chatbot, which can apparently match the capacity of top US AI products for a fraction of their development costs.

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