The tech industry breathed a sigh of relief on Tuesday as Nvidia and Oracle stocks rebounded from Monday’s sharp decline, triggered by concerns over the emergence of DeepSeek, a new AI-powered search engine.
After plummeting by as much as 10% on Monday, Nvidia’s stock price surged by 5% on Tuesday, while Oracle’s stock rebounded by 3%.
The recovery suggests that investors are regaining confidence in the tech giants’ ability to adapt to the evolving AI landscape.
The DeepSeek panic, which sent shockwaves through the tech industry, was fueled by concerns that the new search engine could disrupt the dominance of established players like Google and Microsoft.
However, analysts say that the emergence of DeepSeek may ultimately benefit Nvidia and Oracle, as it could drive increased demand for their AI-powered technologies.
