Nvidia CEO Jensen Huang has addressed a selloff that wiped nearly $600 billion from his company’s market value—and caused his personal wealth to plummet.

DeepSeek is an exciting development and not a threat to compute demand, Nvidia CEO Jensen Huang said in an interview that aired Thursday.

Huang, the founder and CEO of Nvidia, said he thinks the release of DeepSeek's open source model is "incredibly exciting."

There's no doubt that the world's second-most valuable stock is important. But the AI harbinger has taken on a different role of late as other stocks have supplanted the "Magnificent Seven" as the engine of this year's gains.