NVIDIA CEO Jensen Huang said markets misinterpreted the impact of Chinese startup DeepSeek's RI AI model on the chipmaker's business. "Market responded to R1, as in, 'Oh my gosh. AI is finished'," Huang said. Markets thought computing wasn't needed anymore but it's "complete opposite", he stated. NVIDIA's m-cap fell by $600 billion after DeepSeek's launch of its model.