Nvidia CEO Jensen Huang is likely to dismiss rumors that China’s DeepSeek is disrupting the industry by showcasing state-of-the-art processors for quantum computing and artificial intelligence (AI) on Tuesday.
The SAP Center in the Silicon Valley city of San Jose, home of the Sharks NHL hockey club, should be packed for Huang’s keynote address at Nvidia’s annual developers conference.
Industry observers anticipate that Huang will highlight the most recent Blackwell graphics processing units (GPUs) from Nvidia, along with upcoming upgrades.
Nvidia’s stock prices reached stratospheric heights due to the AI boom, but the unexpected success of DeepSeek caused a sharp sell-off early this year.
Despite a recent recovery from a March low, the stock—one of the most traded on Wall Street—has lost almost nine percent of its value this year.
With the release of a low-cost yet high-performing model that threatens the dominance of OpenAI and other high-spending giants, China-based DeepSeek upended the generative artificial intelligence (GenAI) industry.
However, a number of nations have expressed concerns over DeepSeek’s data handling practices, claiming that the company gathers data on “secure servers located in the People’s Republic of China.”
Tech giants constructing data centers to fuel artificial intelligence are in strong demand for Nvidia high-end GPUs, and some claim that a low-cost alternative might hurt the Silicon Valley chip star’s company.
Ben Van Roo, the CEO and co-founder of Yurts, whose business focuses on protecting sensitive data while enabling AI models to access it, thinks DeepSeek’s widespread appeal is encouraging for Nvidia.
“DeepSeek drastically accelerated the desire to consume these models,” Van Roo told AFP.
“You’ve opened the world’s appetite even more (to generative AI) and independent of the fact that it’s Chinese, I think it was a good day for Nvidia.”
With billions in revenues in its first quarter on the market, Nvidia has increased manufacturing of its premium Blackwell processors, which enable AI.
“AI is advancing at light speed” and is setting the stage “for the next wave of AI to revolutionise the largest industries,” Huang told financial analysts recently.
Huang thinks AI for automobiles, robots, and digital “agents,” the name for AI that can make choices in place of people, will continue to be powered or trained by Nvidia processors and software platforms.
Additionally, the CEO is probably going to promote a move toward quantum computing.
Following a number of failed forecasts, quantum computing is developing quickly, with real-world applications and scientific discoveries anticipated in the next years rather than decades.
US banks, pharmaceutical corporations, startups, and IT giants are all investing heavily in this ground-breaking technology.
GPUs, such as those produced by Nvidia, are perfect for quantum computing because they can manage several computational jobs at once.
With Washington restricting the technology’s exports, the US and China are outpacing each other in the development of quantum technology.
According to Nvidia, the demand for its processors to power artificial intelligence in data centers drove the company’s record-breaking $130.5 billion in sales at the end of the previous year.
Nvidia exceeded analyst forecasts with its $43 billion sales projection for the upcoming fiscal quarter.
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