Nvidia closed higher on Tuesday as some investors seized an opportunity to buy the chip giant at a discount following its record wipeout on Monday.

Technology stocks regained ground on Tuesday, a day after a low-cost Chinese AI model rattled markets, while traders rotated back into the dollar from safe-haven currencies.

The rest of the stock market could finally catch up to the Magnificent Seven this year—and it has nothing to do with DeepSeek. The gap in earnings growth between the Magnificent Seven and the rest of the benchmark index should compress from roughly 8 percent to less than 5 percent by the end of 2025,

The success of a mysterious Chinese lab has investors questioning the AI spending boom that has swept through Silicon Valley.

Technology shares steadied, led by a modest recovery in Nvidia after its record-breaking wipeout in market value.

Technology stocks plunged Monday after China’s DeepSeek announced it had trained a sophisticated AI model at a fraction of the cost of Silicon Valley firms, sparking a sharp reversal in the AI rally.

The Chinese company DeepSeek caused a major stir on the stock exchange. Investors reacted nervously to information that the Chinese startup had developed a competitive artificial intelligence model for a fraction of the billions spent by Silicon Valley.