Nvidia shares jump, rebounding after  DeepSeek-linked drop

ONDON/MILAN, Jan 29 (Reuters) – Nvidia (NVDA.O), opens new tab stock jumped in Europe on Wednesday, suggesting shares in the company at the heart of the artificial intelligence markets boom may recover further after a steep drop this week triggered by the rise of China’s DeepSeek AI tool.

Nvidia’s Frankfurt-listed rose 2.7% in early trading in Europe, having closed up 8.9% on Wall Street on Tuesday.

The emergence DeepSeek’s suite of AI tools as possible challengers, not just to incumbents such as ChatGPT and OpenAI, but as a sign development cost may be dropping rapidly, battered AI-linked stocks on Monday, wiping billions in market value off Nvidia, as well as other technology companies

Nvidia shares fell 17% on Monday, which cost the company almost $600 billion in market value – the largest single-day drop in market capitalisation for any company on record.

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