NVDA Stock Bounces Back in Europe After Sharp Drop
Nvidia (NVDA) shares rebounded in Europe on Wednesday, signaling potential recovery after a significant decline earlier this week. The rise followed concerns raised by China's DeepSeek AI tool.
Nvidia's Frankfurt-listed shares opened 2.7% higher, building on a 8.93% gain on Wall Street on Tuesday.
DeepSeek's emergence as a potential challenger to incumbents like ChatGPT and OpenAI, combined with indications of declining development costs, initially weighed heavily on AI-related stocks on Monday. Nvidia's shares plunged 17% on Wall Street, wiping out approximately $600 billion in market value, the largest single-day decline on record.