Nvidia CEO Jensen Huang is more bullish about Nvidia's sales than ever, despite a market panic last month induced by China's DeepSeek.

Nvidia faces more competition in inference compute

Huang co-founded Nvidia in 1993 and has been its CEO and president since then. The price of the shares has skyrocketed 1,844% in the past five years. Its market cap is $3.22 billion, which puts it second to Apple ($3.26 billion). Huang owns almost 4% of Nvidia’s shares.

Nvidia’s latest generation Blackwell GPU sales are off to a good start. “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,

Nvidia CEO Jensen Huang spoke with CNBC’s Jon Fortt following the chipmaker’s quarterly earnings report on Wednesday.

Nvidia CEO Jensen Huang is getting more optimistic about the prospects for the company’s top-end Blackwell AI server system, the GB200 NVL72. “I’m more enthusiastic today than I was at CES,” Huang said when an analyst asked about the NVL72 on the earnings conference call.

The poster child of Wall Street's artificial intelligence craze reported better-than-expected results amid rising investor uncertainty about the the economics of AI.

NVDA stock rose after hours as Nvidia's earnings results beat estimates. Blackwell chips brought in $11 billion for Nvidia, who said demand is strong.

Nvidia lost a record $600 billion in market cap over a single day last month after DeepSeek debuted its R1 model.

Nvidia forecast higher first-quarter revenue on Wednesday, signaling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month,