The Nasdaq $NDAQ 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 $NVDA, 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 (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 (AAPL), Tesla $TSLA (TSLA), Meta $META (META), and Microsoft $MSFT (MSFT). Other than tech giants, Visa $V (V), Mastercard $MA (MA), Novartis (NVS), and others will also share their financial report cards.

— Rocio Fabbro contributed to this article

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