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The Nasdaq and other major indexes rebounded on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday, regained more than 7% in the rebound.
By the late afternoon, the tech-heavy Nasdaq surged 408 points, or 2%, while the S&P 500 and Dow Jones Industrial Average rose 1% and 0.3%, respectively.
Meanwhile, investors are closely watching the Federal Reserve’s two-day policy meeting, due on Wednesday.
Nvidia and other tech stocks are rebounding
Nvidia (NVDA) stock saw a slight turnaround Tuesday after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China.
Other major chip stocks also recovered a bit on Tuesday, including Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Co. (TSM).
Major earnings due this week
This week, significant earnings reports are due from big tech companies, such as Apple (AAPL), Tesla (TSLA), Meta (META), and Microsoft (MSFT). Other than tech giants, Visa (V), Mastercard (MA), Novartis (NVS), and others will also share their financial report cards.
— Rocio Fabbro contributed to this article