Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.

This comes after technology stocks tied to AI lost almost US$1 trillion in market value on Jan 28. Read more at straitstimes.com.

"There's substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI's models," Sacks said.

Microsoft and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter.

Donald Trump’s AI tsar has claimed there’s ‘substantial evidence’ that DeepSeek leaned on OpenAI’s models to develop its own technology.