Nvidia's forecast suggests robust demand from AI heavyweights
last month's launch of Chinese startup DeepSeek's low-cost model that raised fears of overspending.
Shares of Nvidia rose almost 2% in extended trade after the dominant AI chipmaker
forecast quarterly revenue above analysts' estimates. Microsoft, Amazon, Meta Platforms and Alphabet, among Nvidia's largest customers, were mostly unchanged.
Shares of those companies, among the components of the so-called «Magnificent Seven», have delivered big returns as they raced to dominate emerging AI technology following the debut of ChatGPT in November 2022.
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