Nvidia Keeps the Faith in the AI Project
DeepSeek isn’t a threat, in the eyes of the chipmaker’s CEO. Plus: Central bankers as influencers?
Nvidia is the leading producer of the equipment needed to run AI data centers.
Photographer: David Paul Morris/BloombergNvidia’s fourth-quarter earnings release on Wednesday was widely watched in the US tech community. Joshua Brustein writes today about the company that seems to hold the weight of the whole US AI industry on its shoulders. Plus: Central banks try their hand at social media, and matcha’s supply chain is no match for its going viral. If this email was forwarded to you, click here to sign up.
It’s been just over a month since the Chinese chatbot DeepSeek sent panic through the US artificial intelligence industry, and this week, Wall Street looked to Nvidia Corp. for permission to declare that Silicon Valley’s AI boom is still on. Nvidia did its best, delivering a quarterly report Wednesday that showed it did a bit better than expected on fourth-quarter revenue and profit, with sales in fiscal first quarter of 2025 predicted to be slightly above the average forecast from analysts. Yet this was interpreted as a downer, and the stock slipped when markets opened.