As Nvidia Tops Earnings Estimates In First Report Since DeepSeek, Is This AI Agent Pepe The Best Crypto To Buy Now?
US chip-making giant Nvidia has outperformed analysts’ earnings expectations, with fourth-quarter revenue jumping 78% from a year earlier to reach $39.3 billion. The better-than-expected earnings report is the first since China-based artificial intelligence (AI) firm DeepSeek exploded onto the scene last month. Its arrival wiped $600 billion off Nvidia’s market cap in the biggest one-day loss in stock market history. DeepSeek’s AI chatbot ignited concerns that Nvidia’s stock was overvalued because it claimed its AI model was trained at a fraction of the cost of OpenAI’s ChatGPT models and on microchips much cheaper than those sold by Nvidia. Some of DeepSeek’s claims have since come into question. Nvidia Earnings Attributed To “Amazing” Demand For Blackwell Chips Nvidia founder and CEO Jensen Huang said in an earnings call that the rise in revenue was due to what he called “amazing” demand for the company...