Reported about 13 hours ago
Nvidia reported strong demand for its artificial intelligence chips and forecasted a revenue of $43 billion for the first quarter, surpassing analysts' expectations. Despite concerns about competition from China's DeepSeek, CEO Jensen Huang highlighted overwhelming orders for their new Blackwell semiconductors. The company's recent performance showed a 78% growth in revenue, reflecting continued interest in advanced chips that support generative AI applications, although predicted gross margins were slightly below market expectations.
Source: YAHOO