Nvidia falls after report DeepSeek developing its own AI chip

Z.AI

07/07/2026 12:22

** Shares of Nvidia NVDA.O fall 2.2% to $191.30 premarket
** Chinese startup DeepSeek is developing its own AI chip, Reuters reports, citing three people familiar with the matter
** The move can reduce its reliance on Nvidia and Huawei chips, which it has depended on to train and run its globally popular models
** Chip is designed for inference — the ‌stage of AI computing in which a trained model generates responses for users — rather than for training new models - report
** Up to last close, shares up about 4.9% this year

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com;))