Investors have been closely watching the Nvidia ( NVDA 0.40%) story throughout this artificial intelligence (AI) boom. And for good reason. The company is the leading designer of graphics processing units (GPUs), the key chip used for the most crucial of AI tasks like the training and inferencing of models.

Nvidia stock moved within touching distance of recouping all its losses from the DeepSeek market rout on TuesdayThe company’s shares rose 0.4% to $139.40, closing in on the $142 level where it was trading before the Chinese start-up’s apparently low-cost artificial-intelligence model roiled tech stocks last month.

Just a month after DeepSeek devastated NVIDIA's market cap and stock price - the AI chipmakers financials have almost fully recovered.