The sudden popularity of the Chinese chatbot drove a huge plunge in shares of Nvidia. But other A.I. powerhouses rallied. Here’s why.

Can Jensen Huang, Nvidia’s C.E.O., persuade the markets not to panic over the sudden emergence of DeepSeek?Patrick T. Fallon/Agence France-Presse — Getty Images

Lots of questions are still swirling this morning about the implications of DeepSeek, the Chinese start-up whose A.I. tools drove yesterday’s stock market plunge. Is it really as good as the closed-source frontier models made by OpenAI and Google? Did DeepSeek really use fewer chips? Did it piggyback off the work of U.S. players? And if it’s as good as some have suggested, how will its rise scramble the software, hardware and energy sectors? We break down what we know — and still don’t know — in our report below.

Plus, DealBook’s Lauren Hirsch has a

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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