He told CNBC: "My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in p

The emergence of a competitor to American artificial intelligence giants has rattled investors, and sent shares in Nvidia sinking 17 per cent overnight.

As Wall Street saw a nightmare with major US tech stocks like Nvidia, Microsoft, Meta and Tesla set for a $1 trillion rout over fears for Chinese AI model DeepSeek, Elon Musk offered his opinion about it on X.