In a recent earnings call, Nvidia CEO Jensen Huang remained confident about the company's future prospects, despite a market panic last month triggered by China's DeepSeek technology. He stated that the launch of DeepSeek would not impact the company's sales.
Speculation that the DeepSeek R1 model requires significantly fewer chips than anticipated caused a record drop in Nvidia's stock price. However, Huang praised R1 as an "excellent innovation" on the call, emphasizing that such "inference" models are actually good news for Nvidia because they demand more computing power. He noted, "The computational needs of inference models can be as high as 100 times greater, and future inference models will consume even more computing resources." Huang also mentioned that DeepSeek R1 ignited global enthusiasm, with this open-source, world-class inference AI model widely adopted by almost all AI developers.
Nvidia once again set a new record in its earnings report, showing quarterly revenue reached $39.3 billion, exceeding both its own expectations and Wall Street analysts' estimates. The company also projected further revenue growth in the next quarter, anticipating approximately $43 billion.
In 2024, Nvidia's data center sales nearly doubled, reaching $115 billion, a 16% increase from the previous quarter. Huang mentioned in the meeting that Nvidia's latest Blackwell chip is specifically designed for inference, and current demand for the chip is "exceptionally strong."
Despite last month's DeepSeek-induced panic, the AI chip market shows no signs of cooling down. Major tech companies like Meta, Google, and Amazon have announced massive investments in AI infrastructure, collectively pledging hundreds of billions of dollars in investment over the coming years.
Key Highlights:
🌟 Nvidia CEO Jensen Huang is optimistic about the impact of DeepSeek, stating it won't affect company sales.
📈 The company's earnings report shows quarterly revenue reached $39.3 billion, with projections of $43 billion for the next quarter.
💡 Data center sales nearly doubled in 2024, demonstrating strong market demand.
