Nvidia Sales Soar: CEO Huang Dismisses DeepSeek's Chip Impact

Nvidia Sales Soar: CEO Huang Dismisses DeepSeek's Chip Impact

Nvidia CEO Jensen Huang is as bullish as ever about his company’s future, repeating his sentiments that DeepSeek won’t impact sales, he said during the latest earnings call on Wednesday.                                      Image Credits:Akio Kon / Bloomberg / Getty Images Speculation that DeepSeek’s R1 model required far fewer chips to train fueled a record drop in Nvidia’s stock price last month. But during the earnings call, Huang touted R1 as an “excellent innovation,” emphasizing that it and other “reasoning” models are great news for Nvidia since they need so much more compute. “Reasoning models can consume 100 times more compute, and future reasoning models will consume much more compute,” Huang said. “DeepSeek R1 has ignited global enthusiasm. It’s an excellent innovation, but even more importantly, it has open sourced a world-class reasoning AI model. Nearly every AI developer is applying R1.” Nvidia’s sales show no signs of slowing down. Nvidia reported another record-breaking qu…