Nvidia CEO Jensen Huang shrugs off DeepSeek as sales soar
SMRTR summary
Nvidia reported another record-breaking quarter with revenue reaching $39.3 billion, exceeding projections. CEO Jensen Huang remains confident about the company's future, dismissing concerns about DeepSeek's impact on sales. He emphasized that reasoning models like DeepSeek's R1 actually benefit Nvidia by requiring more computing power. Nvidia expects continued strong growth in 2025, with data center sales nearly doubling to $115 billion in 2024. Major tech companies are also making massive AI infrastructure investments, signaling ongoing demand for AI chips.
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