Nvidia CEO Jensen Huang reported strong demand for Nvidia chips, fueled by tech companies' aggressive AI infrastructure investments. The company's revenue soared 78% year-on-year to $39.3 billion, exceeding estimates. Despite some stock fluctuation due to competition from AI startup DeepSeek, Huang reassured that demand for Nvidia's Blackwell chips continues to grow. The firm expects $43 billion in sales for the current quarter with significant contributions from data center operations, although profit margins are affected by rising operating costs.
CEO Jensen Huang emphasized the burgeoning demand for Nvidia's cutting-edge Blackwell chips, even in the face of competitive pressure from new entrants like DeepSeek.
Despite facing cost increases, Nvidia's revenue surged, propelled by technology companies aggressively expanding their AI capabilities and infrastructure.
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