Nvidia climbed 8.8%, with the rally gaining steam throughout the day and closing near session highs. The stock at one point shortly after the open was in the red. That bounce come

Nvidia spoke positively about DeepSeek’s latest AI model, R1, saying it represented “excellent AI advancement.”

Analysts see this as an opportunity to buy NVDA shares as they believe the market has overreacted to the Chinese AI model. Bofa analysts believe this worry is overstated. Whereas, Wedbush analyst, Dan Ives called it a buying opportunity for American tech stocks. He wrote in a post on X: