The arrival of DeepSeek caused a stir in the artificial intelligence industry. However, the biggest hit did not go to rival AI services. The most affected was, ironically, NVIDIA. The company’s shares crashed sharply in just 24 hours.

New Dynamo software splits AI inference across 1,000 GPUs to boost query throughput - Nvidia's answer to investor concerns that DeepSeek cuts the processing needed.

Of course, Nvidia GPUs are the industry standard in accelerating AI applications in the data center. So, any decrease in AI infrastructure spending would be bad news for the company. CEO Jensen Huang addressed those concerns this week during his keynote speech at GTC, an annual developer conference focused on AI.