He told CNBC: "My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in p

Although it was initially thought that DeepSeek was using Nvidia’s lower-performing H800 chips, Wang confirmed that the startup is leveraging the banned H100 chips.

Additionally, most Wall Street analysts stood by Nvidia after the sell-off, with none of them downgrading the stock thus far. Some also see the DeepSeek developments as a long-ter

Zhiding Yu, principal research scientist at Nvidia, has praised a former intern who quit the chipmaker to join DeepSeek.

The US microchip export controls were designed to freeze China’s development of supercomputers used to develop nuclear weapons.