DeepSeek hits US tech stocks, Nvidia's market value evaporates by nearly $600 billion in a single day

Odaily News Apple, Meta and Amazon were the only three of the “magnificent seven” tech stocks to weather the market’s sharp sell-off as markets panicked over the performance of Chinese AI company DeepSeek’s latest model.
On January 27, Apple (APPL) closed up 3.18%, Meta Platforms (META) closed up 1.91%, and Amazon closed up 0.24%.
Meanwhile, chipmaker Nvidia (NVDA) saw its stock price close down nearly 17% on January 27, wiping out nearly $600 billion in market value, the largest single-day drop in market value in U.S. stock market history.
Shares of Google parent Alphabet Inc (GOOG) were also hit hard, falling 4%, while Microsoft Corp (MSFT) and Tesla Inc (TSLA) fell 2.14% and 2.32%, respectively, according to TradingView data.