Investors worry DeepSeek reduces AI chip demand, but there’s a case for remaining bullish on Nvidia

• Chinese startup DeepSeek triggered panic among investors in top AI companies like Nvidia.
• DeepSeek claims to have built AI that rivals OpenAI’s o1 but with less compute.
• That could mean lower demand for AI chips, but some analysts and AI leaders don’t agree.

A week after DeepSeek launched an industry-shaking AI model on Inauguration Day, investors have decided what it all means: a market-moving reassessment of AI’s multi-trillion dollar run.

DeepSeek, a…