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.
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
The Nvidia’s annual software developer conference this week, CEO Jensen Huang is set to defend the company’s leading position in the AI chip market amid growing competition and cost pressures on its largest customers.
Chip designers Nvidia and Broadcom are conducting manufacturing tests using Intel’s advanced 18A process, according to sources familiar with the matter. The tests are part of an effort by both companies to evaluate whether Intel’s technology can meet the demanding requirements for advanced artificia
US tech giant Nvidia reported an 80% year-on-year increase in net income for the last quarter of fiscal 2025, with earnings climbing to $22.1 billion - an increase of $9.8 billion compared to the same period last year.
Santa Clara, CA, February 17, 2025 – Nvidia founder and CEO Jensen Huang dismissed market concerns over DeepSeek’s recent release of its R1 open source reasoning model, arguing that the technological advancement will ultimately benefit the broader AI ecosystem rather than harm Nvidia’s business.
Australia is facing the continued emergence of new SARS-CoV-2 variants more than five years after COVID-19 was declared a pandemic.
Russian President Vladimir Putin has received President of Republika Srpska Milorad Dodik at the Kremlin on Tuesday night. He arrived in Moscow after a court in Bosnia and Herzegovina issued an international arrest warrant for Dodik, the leader of the Serb half of the country.
Val Kilmer, the renowned actor from *Top Gun*, *Batman Forever*, and *The Doors*, has died at 65 from pneumonia. Known for his intense roles and dedication to his craft, Kilmer passed away in Los Angeles surrounded by family.
Elon Musk has reclaimed his position as the world's richest individual, surpassing Bernard Arnault on Forbes' 39th Annual Billionaires list, while President Donald Trump has seen his wealth more than double, highlighting significant shifts in the global financial landscape.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 2nd, covering the latest developments you need to know.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Neuralink plans to implant its first Blindsight vision chip in a human by the end of the year, enabling vision for those born blind, according to Elon Musk. The device could eventually surpass natural vision, allowing users to see in infrared, ultraviolet, and radar ranges.
Researchers at Rice University have made a groundbreaking discovery in the field of strange metals—materials that defy conventional understanding of electricity and magnetism
Airbus UK wins a £150 million-contract to engineer landing platform that will safely deliver the first European rover on Mars. First British-built rover will explore the red planet in 2030 for signs of present and past life on Mars.
The model aims to enhance Alibaba’s presence in the generative AI sector and is available as open-source.
OpenAI has asked the US government to permit AI companies to use copyrighted material for training to maintain America's leadership in AI development, as part of a proposal aligned with President Trump's upcoming "AI Action Plan."
Australia is facing the continued emergence of new SARS-CoV-2 variants more than five years after COVID-19 was declared a pandemic.
Russian President Vladimir Putin has received President of Republika Srpska Milorad Dodik at the Kremlin on Tuesday night. He arrived in Moscow after a court in Bosnia and Herzegovina issued an international arrest warrant for Dodik, the leader of the Serb half of the country.
Val Kilmer, the renowned actor from *Top Gun*, *Batman Forever*, and *The Doors*, has died at 65 from pneumonia. Known for his intense roles and dedication to his craft, Kilmer passed away in Los Angeles surrounded by family.
Elon Musk has reclaimed his position as the world's richest individual, surpassing Bernard Arnault on Forbes' 39th Annual Billionaires list, while President Donald Trump has seen his wealth more than double, highlighting significant shifts in the global financial landscape.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 2nd, covering the latest developments you need to know.
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