New Delhi, Jan. 29 -- Nvidia share price recovered on Tuesday after a sharp slump in the previous session caused by concerns over China's DeepSeek. Nvidia shares ended 8.82% higher at $128.86 on Nasdaq.

Nvidia stock price rally led a 2% rally on Nasdaq. The recovery in AI darling Nvidia shares came a day after the stock saw a sharp 17% drop, erasing about $593 billion from its market value in the biggest single-session loss for any company on Wall Street. This led Nvidia's forward price-to-earnings ratio to hit its cheapest since December 2023.

The sell-off in Nvidia shares on Monday was on the back of concerns over Chinese startup DeepSeek's launch of AI models, which it said were on a par or better than industry-leading US rivals at a...