Nvidia Keeps the Faith in the AI Project
Nvidia Corp., the leading producer of the crucial equipment required to power AI data centers, faced scrutiny this week as the US tech sector looked for reassurances about the continued AI boom. Following the release of Nvidia’s fourth-quarter earnings on Wednesday, the market’s reaction indicated a mixed assessment of the company’s position.
Despite the release of the company’s report, which showed slightly better-than-expected revenue and profit for the fourth quarter—with sales in the fiscal first quarter of 2025 predicted to be slightly above the average analyst forecast—the stock saw a dip in early trading.
The market’s response came just over a month after the emergence of DeepSeek, a Chinese chatbot that temporarily unsettled the US artificial intelligence industry.
