Nvidia was last higher by about 7% on Tuesday, with the rally gaining steam throughout the session. The stock at one point shortly after the open was in the red. That bounce comes

Nvidia stock looked set to pare some of its losses Tuesday.The chip maker was partly recovering from its historic fall the previous day as the market digested a Chinese startup’s claims of developing a leading artificial-intelligence model at an unprecedentedly low cost.

DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.