Stock market today: Nasdaq jumps to chip away at DeepSeek-fueled rout as Nvidia surges over 7%
Published On Jan 28, 2025, 3:31 PM
Despite a rough start during a tech-led sell-off due to fears around the Chinese AI startup DeepSeek, which could impact U.S. Big Tech valuations, key indices like the Nasdaq and S&P 500 bounced back. Nvidia (NVDA), one of the most affected stocks, saw a recovery of approximately 8% after suffering a dramatic drop. The market is also attentive to the Federal Reserve's upcoming interest rate decision amidst uncertainty regarding tariffs from President Trump.
Stock Forecasts
NVDA
Positive
Nvidia is recovering after a significant drop, indicating investor confidence is returning. However, ongoing competition from new AI technologies could affect growth.
JBLU
Negative
JetBlue's share price plummeted due to poor revenue outlook, indicating challenges in the airline sector. Given the current economic climate and industry hurdles, this is likely a negative sentiment for the stock.
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Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting