US President Trump administration senior official says Chinese AI startup DeepSeek's latest AI model was trained on NVIDIA's (NVDA) most-advanced AI chip, the Blackwell, despite the US export controls, according to Reuters

US President Trump administration senior official says Chinese AI startup DeepSeek's latest AI model was trained on NVIDIA's (NVDA) most-advanced AI chip, the Blackwell, despite the US export controls, according to Reuters.

The news regarding DeepSeek's AI model trained on NVIDIA's advanced chip raises significant concerns about U.S.-China technology competition and export controls. If confirmed, this may prompt further U.S. regulatory scrutiny and impact market sentiment regarding tech stocks, particularly in semiconductors and AI sectors. Traders should monitor geopolitical tensions and potential ramifications for NVIDIA and broader market equities as this story develops.