Nvidia beats Wall Street expectations despite DeepSeek’s AI breakthrough
Nvidia's strong first-quarter growth forecast indicates sustained high demand for its artificial intelligence (AI) chips, with CEO Jensen Huang reporting "amazing" orders for the new Blackwell semiconductors. This positive outlook alleviates recent concerns about a potential slowdown in AI hardware spending, sparked by claims from Chinese AI start-up DeepSeek regarding cost-effective AI model development.
Nvidia's transition to the Blackwell chip architecture marks a shift towards selling complete AI computing systems, integrating graphics chips, processors, and networking equipment. Huang emphasized the rapid advancement of AI and the successful large-scale production of Blackwell AI supercomputers, projecting billions of dollars in sales for the first quarter. Despite a slight dip in after-hours trading, Nvidia's stock remains a significant beneficiary of the AI stock rally, having risen over 400% in the past two years.
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Nvidia's strong first-quarter growth forecast indicates sustained high demand for its artificial intelligence (AI) chips, with CEO Jensen Huang reporting "amazing" orders for the new Blackwell semiconductors. This positive outlook alleviates recent concerns about a potential slowdown in AI hardware spending, sparked by claims from Chinese AI start-up DeepSeek regarding cost-effective AI model development.
Nvidia's transition to the Blackwell chip architecture marks a shift towards selling complete AI computing systems, integrating graphics chips, processors, and networking equipment. Huang emphasized the rapid advancement of AI and the successful large-scale production of Blackwell AI supercomputers, projecting billions of dollars in sales for the first quarter. Despite a slight dip in after-hours trading, Nvidia's stock remains a significant beneficiary of the AI stock rally, having risen over 400% in the past two years.
via SCMP Full Text Feed
