Deepseek Sparks Market Frenzy as Nvidia Sees Sales Soar
Nvidia CEO Jensen Huang has downplayed concerns about the impact of China's DeepSeek on his company's sales, despite a record drop in the stock price last month. The R1 model, which requires fewer chips to train, has instead been hailed as an "excellent innovation" and a great news story for Nvidia, with many AI developers applying its open-sourced reasoning AI model. With sales showing no signs of slowing down, Nvidia's revenue reached $39.3 billion in the latest quarter, exceeding projections and Wall Street estimates.
- The surge in demand for AI chips, driven by massive investments from Meta, Google, and Amazon, suggests that companies are willing to bet big on the technology, regardless of short-term market fluctuations.
- How will Nvidia's focus on high-performance computing, including its Blackwell chip, shape the future of AI infrastructure and the broader tech industry?