Nvidia puts DeepSeek fears to rest as CEO Jensen Huang brags about ‘amazing’ demand for AI chips

Nvidia puts DeepSeek fears to rest as CEO Jensen Huang brags about ‘amazing’ demand for AI chips

Nvidia forecast higher first-quarter revenue on Wednesday, signaling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.”

The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month, following Chinese AI startup DeepSeek’s claims that it had developed AI models rivaling Western counterparts at a fraction of their cost.

Nvidia’s outlook…

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https://nypost.com/2025/02/26/business/nvidia-revenue-jumps-78-gives-bullish-forecast-despite-deepseek-ai-fears/