When OpenAI released ChatGPT in 2022, companies started spending billions on GPUs to train AI models. Nvidia led the market for graphics processing units (GPUs), so it was the right company at the right time to deliver monster returns to investors.

Nvidia climbed 8.8%, with the rally gaining steam throughout the day and closing near session highs. The stock at one point shortly after the open was in the red. That bounce come

the chip maker saw its market value drop by $593 billion, the biggest one-day drop for any listed company on record.

A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher.

US tech stocks were steady on Tuesday after they slumped on Monday following the sudden rise of Chinese-made artificial intelligence (AI) app DeepSeek. Shares in chip giant Nvidia rose by 8.8%, having slumped on Monday,

For the second time in the last month, a Chinese app has skyrocketed to the top spot in Apple’s App Store. The first was Xiaohongshu, or RedNote, which saw a sudden surge in downloads by United States users seeking an alternative to TikTok in anticipation of the ban on that app,