Nvidia Rebounds as Analysts Dismiss DeepSeek Fears
From Financial Modeling Prep: 2025-01-29 05:27:18
Nvidia shares rebounded 8.8% following a $589 billion sell-off due to concerns over China’s DeepSeek AI model. Analysts defended Nvidia, labeling the panic a “tech AI head fake” and investors saw it as a chance to buy.
DeepSeek’s claim of developing AI model for under $6 million raised eyebrows, as it reportedly used 50,000 Nvidia Hopper GPUs costing nearly $2 billion. Analysts like Dan Ives remain skeptical about DeepSeek’s impact on Nvidia.
Wall Street analysts like Tigress Financial’s Ivan Feinseth upgraded Nvidia to ‘Strong Buy’, citing AI-driven revenue growth. Despite volatility, Nvidia leads in AI chip supply, benefiting from AI infrastructure investments.
Investors can track Nvidia’s growth through the Ratios (TTM) API, comparing valuation metrics with industry standards. Monday’s dip is seen as a buying opportunity, reinforcing confidence in Nvidia’s long-term growth in the AI sector.
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