Nvidia CEO Jensen Huang shrugs off DeepSeek as sales soar

Nvidia's revenue hits $39.3B, with expectations of further growth despite DeepSeek competition.

: Nvidia CEO Jensen Huang remains confident about future sales, highlighting DeepSeek R1 as a significant innovation despite earlier stock speculation. Nvidia reported a record quarter with revenue hitting $39.3 billion, surpassing projections and Wall Street expectations. Huang mentioned that reasoning models, like DeepSeek R1, demand much more compute, benefiting Nvidia's business. Additionally, Meta, Google, and Amazon are investing heavily in AI infrastructure.

Jensen Huang, CEO of Nvidia, expressed confidence in the company’s outlook, stating that DeepSeek’s R1 model, while innovative, would not impact sales adversely. He emphasized that reasoning models like R1 require significantly more computational power, which is advantageous for Nvidia’s business model.

Nvidia reported record revenue of $39.3 billion in the most recent quarter, surpassing its own and market forecasts, with data center sales reaching $115 billion, a near doubling compared to 2024. The company anticipates further revenue growth in the next quarter to approximately $43 billion.

Amid concerns about DeepSeek, the demand for AI chips remains robust, with Nvidia’s Blackwell chip tailored for reasoning models experiencing extraordinary market demand. Furthermore, major companies like Meta, Google, and Amazon have pledged substantial investments in AI infrastructure, totaling hundreds of billions over the coming years.