Reported about 11 hours ago
Nvidia's stock faced significant losses recently, nearing January lows; however, Wall Street analysts remain optimistic about the company's future due to strong AI demand. They suggest that Nvidia could benefit from the rise of Chinese startup DeepSeek, which has claimed it can compete with American AI models at lower costs. CEO Jensen Huang emphasized that growing demand for AI inference will actually increase the need for advanced computing power, suggesting Nvidia is well-positioned for growth despite competition.
Source: YAHOO