In a dramatic turn of events following a turbulent Monday, stocks of tech giants Nvidia and Oracle have seen a notable rebound. This resurgence comes amid growing concerns surrounding the AI company DeepSeek, owned by Chinese entrepreneur Liang Wenfeng. Investors reacted strongly as reports surfaced regarding the precarious position of DeepSeek in the global AI market. Nvidia shares increased by 5%, while Oracle’s stock rose by 3.5%, suggesting renewed confidence among investors. Liang Wenfeng, who has been at the forefront of this controversy, stated, ‘Our commitment to innovation remains unshaken despite external pressures.’ This rebound also attracted attention from analysts who closely monitor the fluctuations in tech stocks, suggesting that the market is still bullish on AI advancements. This resurgence further emphasizes the potential volatility within the tech industry as it navigates through regulatory scrutiny and economic challenges.
DeepSeek Panic: Nvidia and Oracle Stocks Rebound After Monday’s Rout
