From Yahoo Finance: 2025-03-19 13:09:00

Nvidia CEO Jensen Huang debunks claims that AI models like DeepSeek’s R1 will reduce computing infrastructure needs. Nvidia stock rises 2.4% as they aim to expand AI equipment investments across industries. Despite competition in ASICs, Huang asserts Nvidia’s superior technology and growing orders for Blackwell over Hopper-based products.

Huang predicts AI infrastructure spending will increase, especially if the US economy falters. Tariffs won’t significantly impact Nvidia, as they shift manufacturing onshore. The chipmaker utilizes Taiwan Semiconductor Manufacturing Co.’s facility in Arizona and plans to expand capacity as needed. Shares of Nvidia rise in New York trading.

Read more: Nvidia CEO Says Fears About DeepSeek’s Impact Are Misplaced