Nvidia rebounds after record $589B market cap rout
After losing $589B in market cap on Monday, shares of Nvidia (NASDAQ:NVDA) climbed about 4% premarket on Tuesday, showing signs of recovery after DeepSeek AI impact. Tech stocks plunged on Monday, after Chinese startup DeepSeek last week unveiled its R1 large language model and detailed in a paper how LLMs could be built on tight budgets and