During the latest earnings call, Nvidia CEO Jensen Huang reiterated his bullish outlook for the company, dismissing concerns that DeepSeek’s R1 reasoning model might undercut Nvidia’s sales.
Despite last month’s record drop in Nvidia’s stock—triggered by speculation that DeepSeek’s model required far fewer chips to train—Huang emphasized that such innovations only increase overall demand for compute.
“Reasoning models can consume 100 times more compute, and future reasoning models will consume much more compute,” Huang said, adding that DeepSeek R1 has “ignited global enthusiasm” and is being widely adopted by AI developers. He described the innovation as “excellent” and a positive signal for the entire AI industry, which relies on significant computational power—a core strength of Nvidia’s product portfolio.
Nvidia reported another record-breaking quarter, with total revenue reaching $39.3 billion—exceeding both its internal projections and Wall Street estimates. The company also provided guidance for the upcoming quarter, expecting revenue to climb to approximately $43 billion. Data center sales have been particularly robust, with figures nearly doubling in 2024 to $115 billion and showing a 16% increase compared to the previous quarter.
Huang highlighted the success of Nvidia’s latest Blackwell chip, which has been custom-built for reasoning applications. “Current demand for Blackwell is extraordinary,” he said. “We will grow strongly in 2025.”
This robust performance comes at a time when the market for AI chips shows no signs of slowing. Industry giants Meta, Google, and Amazon have recently unveiled massive AI infrastructure investments, collectively committing hundreds of billions of dollars over the coming years.
Despite the market turbulence sparked by DeepSeek’s debut, Nvidia’s earnings underscore the company’s pivotal role in powering next-generation AI applications. As AI models continue to require exponentially more compute power, Nvidia appears well-positioned to capitalize on the expanding global demand.
Israel reportedly launched a fresh wave of attacks on Iran on Friday (20 March), a day after U.S. President Donald...
The trailer for Spider-Man: Brand New Day has officially become the most-watched trailer of all time, racking up 718.6 million views in its first 2...
Georgia’s relationship with the European Union is coming under increasing strain, as Members of the European Parliament openly criticise both...
Carlos Ray “Chuck” Norris, the martial artist, actor and cultural icon best known for his roles in action films and the long-running CB...
A U.S. federal arts body has approved the design of a 24-karat gold commemorative coin featuring President Dona...
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
As competition over artificial intelligence intensifies, U.S. tech leaders are warning that China’s rapid state-backed progress could soon outpace the West, raising concerns that America is losing its technological edge.
U.S. President Donald Trump said Israel struck Iran’s South Pars gas field without U.S. or Qatari involvement, and warned that any Iranian attack on Qatar would prompt massive retaliation. The comments come as regional tensions soar after Tehran fired missiles at Gulf energy sites.
Israel reportedly launched a fresh wave of attacks on Iran on Friday (20 March), a day after U.S. President Donald Trump told it not to repeat its strikes on Iranian natural gas infrastructure, which sharply escalated the U.S.-Israeli war on Iran.
Carlos Ray “Chuck” Norris, the martial artist, actor and cultural icon best known for his roles in action films and the long-running CBS series Walker, Texas Ranger, has died at the age of 86.
Transport groups across the Philippines launched a nationwide strike on Thursday in protest against rising oil prices. The action affected 15 to 20 protest centres in Metro Manila, with similar demonstrations taking place across several major provinces.
Hungarian Prime Minister Viktor Orbán has refused to lift his opposition to a €90 billion ($104 billion) European Union loan to help Ukraine keep up its fight against Russia’s invasion, following a meeting of EU leaders in Brussels on Thursday (19 March).
NASA’s Perseverance rover has detected what scientists believe may be the underground remains of an ancient river delta on Mars, offering some of the strongest evidence yet that water once flowed across the planet’s surface billions of years ago.
Britain is considering introducing labels for AI-generated content to protect consumers from disinformation and deepfakes, the government said on Wednesday (18 March), as it sets out the next phase of its approach to regulating artificial intelligence.
Chinese electric vehicle giant BYD is pushing to make charging an electric car almost as quick and convenient as filling up a traditional petrol vehicle - a move that could help remove one of the biggest barriers to wider electric vehicle adoption.
South Korea will soon cease to be one of the few countries where Google Maps does not function fully, after its security-conscious government reversed a two-decade-old policy and approved the export of high-precision map data to overseas servers.
New research suggests 40,000-year-old carved objects from south-western Germany bear repeated marks arranged in organised sign sequences similar to early proto-cuneiform, although they are not regarded as a form of writing.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment