TORONTO — Strength in technology stocks led Canada's main stock index higher on Tuesday, while U.S.
TORONTO — Strength in technology stocks led Canada's main stock index higher on Tuesday, while U.S. stock markets also rose to regain some of the ground lost Monday after a Chinese AI startup called DeepSeek unveiled a large language model that apparently rivals those created in the U.S.
“Today it’s the opposite,” he said, with markets being driven higher by tech names like Nvidia and Apple even as some other sectors were down. One outlier in the tech space this week was Shopify, noted Boudreau, which was flat on Monday and rose almost ten per cent Tuesday, helping the TSX post gains.
However, after the DeepSeek news there may be more scrutiny from investors on what companies plan to spend on AI, he added.
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