No one thought the path to artificial general intelligence (AGI) would be smooth for investors, but the emergence of DeepSeek has clearly thrown a plot twist into the AI narrative. Nvidia (NASDAQ: NVDA) and other AI stocks plunged on Monday,

Nvidia is touting the performance of DeepSeek’s open source AI models on its just-launched RTX 50-series GPUs, claiming that they can “run the DeepSeek family of distilled models faster than anything on the PC market.” But this announcement from Nvidia might be somewhat missing the point.

DeepSeek R1 model was trained on NVIDIA H800 AI GPUs, while inferencing was done on Chinese made chips from Huawei, the new 910C AI chip.

So, let's consider a few facts for a moment. Reuters reports that DeepSeek's development entailed 2,000 of Nvidia's H800 GPUs and a training budget of just $6 million, while CNBC claims that R1 "outperforms" the best LLMs from the likes of OpenAI and others.

U.S. officials are investigating whether Chinese artificial intelligence startup DeepSeek skirted American export restrictions on advanced chip sales and bought advanced Nvidia (NVDA) semiconductors through third parties in Singapore,

By Trevor Hunnicutt, Karen Freifeld and Nandita Bose WASHINGTON (Reuters) -U.S. President Donald Trump and the CEO of Nvidia Jensen Huang discussed DeepSeek - the Chinese company whose AI model's performance rocked the tech world - and tightening AI chip exports during their meeting at the White House on Friday,

Two members of Congress are urging President Donald Trump to consider imposing a cap on the export of Nvidia's AI chips, citing the heavy reliance of the Chinese AI firm DeepSeek on these technologies.