Nvidia CEO Jensen Huang has addressed a selloff that wiped nearly $600 billion from his company’s market value—and caused his personal wealth to plummet.

DeepSeek is an exciting development and not a threat to compute demand, Nvidia CEO Jensen Huang said in an interview that aired Thursday.

Built on less potent CPUs and with less expenditure than rival Western models, the finding raised questions about the need for massive artificial intelligence infrastructure investments, hence underlining pressure on Nvidia shares.

Nvidia founder and CEO Jensen Huang said the market got it wrong when it comes to DeepSeek's technological advancements and its potential to negatively impact the chipmaker's business. Instead, Huang called DeepSeek's R1 open source reasoning model "incredibly exciting" while speaking with Alex Bouzari,

Nvidia CEO Jensen Huang addressed concerns after a significant market drop due to the launch of DeepSeek's R1 AI model, which triggered fears of reduced demand for Nvidia’s chips. Huang claimed that advanced AI models still depend heavily on Nvidia’s computing power,

Nvidia CEO Jensen Huang addressed investor concerns after a $600 billion market value drop, clarifying that the market misunderstood the implications of DeepSeek's new AI model. Huang emphasized that the demand for powerful computing in AI development remains strong,

Nvidia (NVDA) chief executive Jensen Huang doesn’t have hard feelings for Chinese artificial intelligence startup DeepSeek.