US stock markets are set to open higher following significant losses on Monday, when investor concerns were triggered by DeepSeek, a low-cost Chinese artificial intelligence model.
The Monday sell-off occurred after the Chinese startup launched AI models that it claims are comparable to or better than leading U.S. models, but at a fraction of the cost.
AI chip manufacturer Nvidia rebounded by 4.8% in premarket trading, recovering from a $593 billion (£477bn) decrease in its market value—the largest single-day loss ever for the company.
Other AI-related stocks also regained some ground, with Oracle and Broadcom increasing by 3.5% and 4%, respectively.
The tech-heavy Nasdaq fell more than 3% on Monday, marking its worst single-day performance in over a month, while the S&P 500 declined nearly 1.5%.
In premarket trading, the Dow Jones Industrial Average was up 0.1%, the S&P 500 had gained 0.4%, and the Nasdaq 100 increased by 0.6%.
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