Nvidia’s DeepSeek Drop Has Wall Street Fixated on Key Stock Mark
- Monday’s DeepSeek rout put Nvidia shares below 200-day average
- Nvidia stock has stayed above the level since, a bullish sign
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On Wall Street, all eyes are on Nvidia Corp.’s stock as chart-watchers search for signs the chipmaking giant will claw its way back from a DeepSeek-driven rout, given its power to sway the broader market.
A wild week saw it testing a key line in the sand for technical analysts for the first time in more than a year. Revelations that DeepSeek’s AI model could rival those of OpenAI and Meta Platforms Inc. and was made on less expensive, older chips spurred the largest one-day rout in US stock-market history on Monday and sent Nvidia shares below its 200-day moving average.