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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-7.00%) 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-10.34%) and Taiwan Semiconductor Manufacturing Co. (TSM-6.87%).
Major earnings due this week
This week, significant earnings reports are due from big tech companies, such as Apple (AAPL-9.76%), Tesla (TSLA-5.86%), Meta (META-8.71%), and Microsoft (MSFT-1.77%). Other than tech giants, Visa (V-1.84%), Mastercard (MA-2.72%), Novartis (NVS+1.74%), and others will also share their financial report cards.
— Rocio Fabbro contributed to this article