Although DeepSeek gave investors a scare when its R1 model impressed everyone with its performance at its price point, it's becoming clearer that this breakthrough wasn't a death blow to the domestic artificial intelligence (AI) industry.

Nvidia (NASDAQ: NVDA) stock was crushed on Jan. 27, dropping 17% in a single session after a fresh wave of doubts came to the forefront following the cost-effective artificial intelligence (AI) model unveiled by Chinese start-up DeepSeek.

Artificial intelligence (AI) has been one of the hottest segments of the stock market for the last two years. Many investors are focused on pick-and-shovel plays like chip supplie