Investors have also raised concerns that the move from DeepSeek shifts AI compute-cycles away from Nvidia's graphics processing units (GPUs) and instead toward custom chips known as ASICs, or application-specific integrated circuits. Although Evercore ISI said ASICs will be impactful for high-volume internal workloads, the firm expects that external workloads – such as Amazon Web Services' cloud infrastructure – will "remain dominated" by Nvidia. "NVDA remains the platform of choice for hyperscalers' customers, the robustness of its software ecosystem and breadth of its development community put it 5-10 years ahead of anything else in the market," the analysts added. Moreover, Evercore ISI noted that there's worry among investors about possible shipment delays for Nvidia's Blackwell chips.