The Chinese AI startup, DeepSeek, and its recent AI model developments have caused fluctuations in the chip market.The efficiency of DeepSeek's models has prompted speculation about the necessity of large numbers of GPUs for training.However, NVIDIA's CEO, Jensen Huang, clarified that DeepSeek's innovations do not diminish the demand for the company's chips.The cost-effective approach of DeepSeek may disrupt traditional chip demand, but also foster competition and innovation in the semiconductor industry.