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

Shares of Nvidia ( NVDA 6.97%) surged higher on Tuesday, after taking it on the chin Monday. The maker of graphics processing units (GPUs) used for artificial intelligence (AI) applications gained as much as 7.2%. As of 1:30 p.m. ET, the stock was still up 7.1%.

Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever amid panic over DeepSeek.

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.

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:

Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.

Retail investors bought a record amount of Nvidia stock on Monday after concerns over a low-cost artificial intelligence model from Chinese startup DeepSeek stripped 17% off its shares, or $593 billion from its market value.

Not all big technology stocks got hit in the rout, however. Apple Inc., which gained 3.3% today, has overtaken Nvidia as the top company by market value. Meta Platforms Inc. also ended the day higher,