The chip maker’s stock witnessed extreme volatility as it pared some of the initial gains to soon trade in the red. At 08:18 pm, the stock was quoting $117.89 on the counter, down 0.45 percent on Nasdaq.

US chip maker Nvidia’s share price rebounded 2 percent at open on January 28 a day after one of the world’s most valuable company witnessed a $589 billion market rout amid concerns over Chinese AI startup DeepSeek , which threatens to dismantle US’ dominance in the emerging tech space.

The Nasdaq 100 rose 0.3 percent, while S&P 500 rose 0.2 percent as of 9:31 a.m. New York time.
The Dow Jones Industrial Average was little changed.