Nvidia CEO Jensen Huang commented on the popular new ChatGPT rival DeepSeek in an earnings call on Wednesday. What he had to say might surprise you.

Nvidia's NVDA.O strong growth forecast for the first quarter on Wednesday signaled that booming demand for its artificial intelligence chips was intact, and the company said orders for its new Blackwell semiconductors were "amazing.

Nvidia, the chip giant at the heart of the artificial intelligence (AI) boom, said its business remained strong, despite fears of a bubble stirred by the emergence of Chinese AI firm DeepSeek last month.

Nvidia’s H20 chips are in high demand in China—indicating that DeepSeek's more efficient AI doesn’t mean lower chip demand.

This is Nvidia’s first earnings report since a Chinese upstart, DeepSeek, upended the artificial-intelligence industry by saying it has developed a large language model that can compete with big U.S.

Nvidia (NVDA) stock advanced by more than 3% ahead of the AI chip giant’s scheduled release of its fiscal fourth-quarter earnings after the close today. The shares of chip designers Broadcom (AVGO) and Micron (MU) also gained.