Nvidia CEO Jensen Huang has addressed a selloff that wiped nearly $600 billion from his company’s market value—and caused his personal wealth to plummet.

Nvidia's CEO, Jensen Huang, has recently addressed the major selloff that led to nearly $600 billion being wiped from the company's market value. This market response was triggered by DeepSeek, a Chinese AI startup,

DeepSeek is an exciting development and not a threat to compute demand, Nvidia CEO Jensen Huang said in an interview that aired Thursday.

Huang, the founder and CEO of Nvidia, said he thinks the release of DeepSeek's open source model is "incredibly exciting."

Nvidia (NVDA) chief executive Jensen Huang doesn’t have hard feelings for Chinese artificial intelligence startup DeepSeek.