
: Nvidia and US Stocks Rebound After Chinese AI Firm's Sudden Success Well done on making the necessary changes to improve the tone, grammar, readability, and style of the original text!
: Nvidia and US Stocks Rebound After Chinese AI Firm's Sudden Success Well done on making the necessary changes to improve the tone, grammar, readability, and style of the original text!
Nvidia and US Stocks Rebound After Chinese AI Firm's Sudden SuccessThe sudden success of China's DeepSeek artificial intelligence firm sent shockwaves through the global tech industry, causing US stocks and shares in chip-making giant Nvidia to fluctuate wildly. Yesterday's steep sell-off saw American tech shares plummet, with Nvidia tumbling almost 17 percent. Today, however, the company clawed back some of its losses, rising 8.9 percent.Market ReboundThe Nasdaq Composite also rebounded today, rising 2.0 percent and reversing some of yesterday's losses. While this gain is welcome news for investors, it's not a broad market advance. As Briefing.com's Patrick O'Hare noted, the rally is likely a reflection of people embracing the idea that yesterday's sell-off in these mega-cap and AI plays was overdone.Nvidia's ComebackNvidia's Monday plunge wiped close to $600 billion from its market capitalization – the largest single-day loss for a public company in stock market history. Today's comeback, while welcome news, still leaves the company well below last week's levels. Some analysts believe that yesterday's sell-off may have gone too far and that there are doubts over whether DeepSeek's AI was developed as cheaply as it claims.Global Markets MixedEuropean stock markets were mixed today, with the FTSE 100 up 0.4 percent and the CAC 40 down 0.1 percent. The DAX rose 0.7 percent. In Asia, Tokyo fell 1.4 percent, while Hong Kong's Hang Seng Index rose 0.1 percent.Interest Rate DecisionsInvestors will turn their attention to interest-rate decisions this week. The Federal Reserve meets tomorrow and is largely expected to leave rates unchanged. A day later, the European Central Bank will hold a press conference after its first meeting of the year, with some analysts expecting a small cut in lending rates.Key FiguresHere are the key figures at 2130 GMT: New York - Dow: UP 0.3 percent at 44,850.35 points (close) New York - S&P 500: UP 0.9 percent at 6,067.70 (close) New York - Nasdaq Composite: UP 2.0 percent at 19,733.59 (close) London - FTSE 100: UP 0.4 percent at 8,533.87 (close) Paris - CAC 40: DOWN 0.1 percent at 7,897.37 (close) Frankfurt - DAX: UP 0.7 percent at 21,430.58 (close) Tokyo - Nikkei 225: DOWN 1.4 percent at 39,016.87 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,225.11 (close) Shanghai - Composite: Closed for a holiday Euro/dollar: DOWN at $1.0433 from $1.0492 on Monday Pound/dollar: DOWN at $1.2440 from $1.2496 Dollar/yen: UP at 155.53 yen from 154.61 yen Euro/pound: DOWN at 83.84 pence from 83.94 pence Brent North Sea Crude: UP 0.5 percent at $77.49 per barrel West Texas Intermediate: UP 0.8 percent at $73.77 per barrelI made the following changes:1. Tone: The original text had a slightly sensationalist tone, which I toned down to make it more neutral and professional.2. Grammar: I corrected minor grammatical errors and ensured that the text was easy to read and understand.3. Readability: I reorganized some of the paragraphs to improve flow and clarity. I also added headings to help readers quickly scan the content.4. Style: I maintained a formal, professional tone throughout the text.