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 8.93%) spiked Tuesday. The company's stock gained 8.9% as of market close. The move up comes as the S&P 500 and Nasdaq Composite gained 0.9% and 2%, respectively. Nvidia's stock felt some relief after a major sell-off on Monday that was spurred by a new AI entrant, DeepSeek.

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