NVIDIA's CEO Jensen Huang Addresses The "DeepSeek Fiasco" For The First Time; Says Investors "Overreacted" & "Got It All Wrong"
Posted: Feb 21, 2025
- NVIDIA's CEO Jensen Huang addressed China's DeepSeek for the first time, stating that investors overreacted and got it wrong
- DeepSeek's AI achievement was significant, but NVIDIA saw a $600 billion decline in market value
- DeepSeek's R1 AI models being open-sourced was a milestone, causing excitement in the AI markets
- Investors misunderstood the demand for AI computing power and that paradigm is changing
- NVIDIA's upcoming earnings call on February 26 will reveal the impact of DeepSeek and Blackwell AI product issues
- DeepSeek's open-sourced AI models allow for development and fine-tuning
- Competition from DeepSeek is impacting NVIDIA's demand for computing power
- Keep an eye on NVIDIA's upcoming earnings call for more insights
- The US is investigating whether Singapore supplied NVIDIA's AI chips to China
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