Nvidia, US stocks close higher after DeepSeek shock

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Nvidia, US stocks close higher after DeepSeek shock - Channel News Asia

Quick Summary:

A day later, the European Central Bank will hold a press conference after its first meeting of the year, with some analysts expecting a small cut in lending rates.

The Nvidia sell-off "may have gone too far", said Kathleen Brooks, research director at XTB, adding that there were doubts over whether DeepSeek's AI was developed as cheaply as it claims.

The Federal Reserve's policy-making committee meets Wednesday and is largely expected to leave rates unchanged, despite Trump's calls for lower interest rates from the independent US central bank.