China's Deepseek withholds upcoming model from Nvidia (NVDA) and AMD (AMD), according to reports

• Deepseek granted early access to Huawei and others in China.

The news that China's Deepseek is withholding its upcoming model from Nvidia and AMD could signify an escalation in tension surrounding technology access and competition. This move highlights the shifting dynamic of tech relations and may bolster Chinese firms against Western competitors, impacting investor sentiment and valuations in the semiconductors sector. Given Deepseek's early access grants to Huawei, this could also intensify concerns around supply chain vulnerabilities and regulatory pressures on US tech companies.