US stocks end higher as AI-related shares recoup losses
Shares of Nvidia up 9% after computer chip maker sees largest daily loss of market cap experienced by a company in US history
ISTANBUL
US stocks ended with gains Tuesday.
Stocks connected with artificial intelligence (AI), which saw sharp declines Monday, recovered some losses, while a positive course was observed in equity markets.
The development of the latest AI model launched by Chinese startup DeepSeek using fewer chips and in a shorter time than other international competitors had pulled down shares of global chip companies, especially in the tech field.
US President Donald Trump said he viewed DeepSeek's AI model positively and that it should be a “wake-up call” for the American industry.
Shares of US chip giant Nvidia, which fell 17% on Monday as the company’s market value decreased by about $600 billion, rose by around 9% on Tuesday.
Shares of chip company Broadcom also increased by about 2.6%.
On the macroeconomic data side, the amount of durable goods orders in the US decreased by 2.2% in December last year.
The Dow Jones Industrial Average rose 0.31%, or 136.77 points, to end the day at 44,850.35.
The S&P 500 inched up 0.92%, or 55.42 points, to 6,067.70, while the Nasdaq Composite climbed 2.03%, or 391.75 points, to 19,733.59.
