Nvidia says AI chip sales strong despite DeepSeek fears

Nvidia, the chip giant at the heart of the artificial intelligence (AI) boom, said business remained strong, despite fears of a bubble stirred by the launch of Chinese AI firm DeepSeek’s launch on the scene last month.

Sales of the firm’s chips hit more than $39bn (£30.7bn) over the three months ended 27 January, up 74% year-on-year.

Nvidia has seen a surge of demand, as big tech companies turn to the firm for chips that can handle the large amounts of data used to train AI models.

But…