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Nvidia sales surge as demand for AI chips grows

Author
Newstalk ZB,
Publish Date
Thu, 27 Feb 2025, 7:49pm
 Photo / Getty Images
Photo / Getty Images

Nvidia sales surge as demand for AI chips grows

Author
Newstalk ZB,
Publish Date
Thu, 27 Feb 2025, 7:49pm

Despite growing fears about Deepseek's growing presence, tech giant Nvidia is reporting an impressive sales result.

Nvidia reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips, which power artificial intelligence systems, continued to grow.

This has also boosted the company's stock.

Greg Smith from Devon Funds Management says Nvidia has pulled ahead of all its competitors - with only Apple narrowly beating it out.

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