Nvidia was falling early Friday as politicians and Big Tech firms comment on the effects of Chinese firm DeepSeek’s apparently low-cost AI.

Key Takeaways Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about competitiveness of American AI firms and their spending on artificial intelligence.

U.S. President Donald Trump and the CEO of Nvidia Jensen Huang discussed DeepSeek - the Chinese company whose AI model's performance rocked the tech world - and tightening AI chip exports during their meeting at the White House on Friday,

Startup DeekSeek is highlighting advances in China's AI industry. The Trump administration is weighing new restrictions on sending AI chips to China.

The meeting comes amid broad anxiety about the success of a Chinese artificial intelligence app called DeepSeek.

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DeepSeek has raised questions about the effectiveness of US chip restrictions that aim to curtail China’s tech development. Now, the White House and the FBI are trying to determine if DeepSeek managed to buy advanced Nvidia chips through middlemen in Singapore to bypass those limits,