Nvidia breaks records – $39.3 billion in revenue
Nvidia CEO Jensen Huang dispelled investor concerns about competition from DeepSeek during the company’s quarterly report, which demonstrated record financial performance. The technology giant’s revenue reached $39.3 billion, surpassing both the company’s own forecasts and Wall Street expectations.
Last month, Nvidia shares experienced a record drop amid rumors that the DeepSeek R1 model requires significantly fewer chips for training. However, Huang turned this potential threat into an advantage, calling R1 a “superior innovation” and emphasizing that such “reasoning” models only increase the demand for computing power.
“Reasoning models consume 100 times more computing resources, and future models will consume even more,” Huang stated. “DeepSeek R1 has generated global enthusiasm. It’s an excellent innovation, but more importantly, it has made a world-class reasoning model accessible to the global community. Virtually every AI developer is using R1.”
The financial results confirm the CEO’s optimism: sales in the data center segment nearly doubled in 2024, reaching $115 billion, and grew by 16% compared to the previous quarter. The company forecasts further revenue growth to approximately $43 billion in the next quarter.
Huang specifically noted the newest Blackwell chip, designed specifically for reasoning tasks, calling the current demand for it “extraordinary.” “We will continue active growth in 2025,” he stated.
Despite last year’s panic around DeepSeek, the AI chip market shows no signs of slowing down, and Nvidia continues to strengthen its position as the leading manufacturer of technologies for artificial intelligence.
