If anything, potentially less demand for Nvidia’s AI training chips could actually benefit the EV manufacturer.

Elon Musk doubts DeepSeek's claims about their AI capabilities, suspecting they possess significantly more Nvidia GPUs than disclosed. This comes amid

Elon Musk is not convinced with China's AI chatbot DeepSeek that rattled the US tech market and wiped out billions from them. The Tesla CEO remains skeptical about DeepSeek, which caused a $500 billion drop in Nvidia’s market cap.

DeepSeek has disrupted the foundations of major American companies such as Nvidia, OpenAI, Google, and Meta, all of whom have dominated the AI sector for years.

Elon Musk reacted to a post that claimed that DeppSeek has about 50,000 Nvidia H100s that they can't talk about because of the US export controls that

Then there is the hype question. Since Chat GPT set off the AI gold rush in late 2022, Nvidia has been the ultimate “picks and shovel” play. But like investment in the early days of the internet, the AI boom has so far been based more on the belief that it will change everything than hard evidence that it can generate returns.

A Chinese AI startup dethroned ChatGPT, tanked Nvidia's stock, and triggered a Big Tech panic. Is this the AI tipping point?

Elon Musk said there is a path for Tesla to become worth more than the next five most valuable companies combined. That’s Apple, Nvidia, Microsoft, Amazon.com, and Alphabet. Their market values total roughly $15 trillion.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Musk even mocked DeepSeek in one of his social media posts, fueling further speculation about the company’s true capabilities.

Nvidia's stock underperforms due to a $6M open-source threat. Learn why NVDA stock faces risks from high valuation and rising competition in AI technology.

Elon Musk has questioned the microchip claims made by DeepSeek AI, a fast-emerging player in the artificial intelligence pool, which is starting to challenge the United States' control over the AI industry. Newsweek has reached out to DeepSeek via email and Musk via X's press department for comment.