Nvidia CEO Jensen Huang said on Tuesday the company was well placed to navigate a shift in the artificial intelligence industry, in which businesses are moving from training AI models to getting detailed answers from them. Huang, speaking at the company’s annual software developer conference in San Jose, California, defended the company’s lead in selling costly AI chips to customers, which has recently been questioned by investors after China’s DeepSeek made a competitive chatbot with allegedly fewer AI chips. But his presentation failed to reassure investors. Nvidia shares fell 3.4%. The chip index closed down 1.6%. Story continues below this…