Nvidia says AI chip sales strong despite DeepSeek fears
Published On Feb 26, 2025, 7:09 PM
Nvidia has reported robust sales of its AI chips, generating over $39 billion in revenue for the last quarter, an increase of 74% year-on-year. Despite the launch of DeepSeek, a new Chinese AI competitor, which caused a temporary drop in Nvidia's share prices, major tech firms such as Meta have affirmed their continued investment in AI, leading to a recovery in Nvidia's stock. CEO Jensen Huang expressed confidence in the sustainability of AI demand, emphasizing the evolving software landscape that requires more advanced chip technology.
Stock Forecasts
NVDA
Positive
Nvidia continues to dominate the market for AI chips with strong sales and consistent demand from large tech companies. Although concerns were raised by the entry of a competitor, the backing of major firms suggests Nvidia remains in a strong position for growth.
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