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BUZZ-AI stocks recoup some ground after DeepSeek-sparked selloff

ReutersJan 28, 2025 9:37 AM

** Shares of U.S.-listed companies linked to artificial intelligence rise premarket after a steep slump in the previous session

** Selloff in global technology shares eases after Monday's rout, sparked by Chinese startup DeepSeek's launch of a free AI assistant

** Despite day's rebound, continued volatility likely as investors question the dominance of U.S. AI companies and the need for expensive chips

** AI darling Nvidia NVDA.O jumps 4.6% after slumping 17% on Monday and losing $593 billion from its market value, a record one-day loss for any company

** Other chipmakers rise: Broadcom AVGO.O gains 3.7%, U.S.-listed shares of Taiwan Semiconductor Manufacturing TSM.N up 2.4%, Marvell Technology MRVL.O gains 4%

** Alphabet GOOGL.O gains 0.7%, Microsoft MSFT.O up 0.7%, Meta Platforms METAO> rises 0.4%

** Software company Oracle ORCL.N up 3.3%, Palantir Technologies PLTR.O rises 1%

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