Nvidia's SHOCKING AI Domination: $43 Billion Quarter, Defying DeepSeek!

2025-02-27 06:02:50.864

Nvidia closed 2024 with record-breaking sales and profits, exceeding Wall Street's expectations and calming fears about the AI industry's future. Despite a slight initial dip, Nvidia's shares surged after reporting a stunning $39.3 billion in sales for the January quarter—a 78% year-over-year increase. Profits soared 72% to $22 billion. For the full year, profits more than doubled to $74.3 billion. The company projects another massive increase, forecasting $43 billion in sales for the current quarter, a 65% year-over-year growth. This success comes despite the launch of DeepSeek, a highly efficient AI model from a Chinese startup, which raised concerns about overspending in the US AI sector. However, major tech companies continue to invest tens of billions of dollars in AI infrastructure, and analysts believe that more efficient AI models will accelerate adoption, benefiting Nvidia. Nvidia's CEO, Jensen Huang, envisions a future where AI permeates various aspects of life, including autonomous vehicles. The company's strong performance has boosted the overall tech market, with shares of other tech giants also rising.