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

Tuesday’s session followed a start to the week that marked Nvidia’s worst day in years, as a roughly 17% drop led to a loss of nearly $600 billion in market value.

Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off.

DeepSeek’s more efficient approach challenges the conventional wisdom that bigger and more expensive necessarily means better in AI development. The Chinese AI lab DeepSeek recently made waves by releasing their DeepSeek-R1 model as open-source software.

Technology stocks regained ground on Tuesday, a day after a low-cost Chinese AI model rattled markets, while traders rotated back into the dollar from safe-haven currencies. The tech rebound boosted Wall Street's main stock indices,