Jensen Huang, the CEO of Nvidia, is expected to unveil state-of-the-art chips for quantum computing and artificial intelligence (AI), dismissing claims that China's DeepSeek is upending the market.
The SAP Center in the Silicon Valley city of San Jose, home of the Sharks NHL hockey team, should be packed for Huang's keynote address at Nvidia's annual developers conference.
Industry experts 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 challenges the dominance of OpenAI and other high-spending giants, China-based DeepSeek upended the generative artificial intelligence (GenAI) industry.
Tech giants constructing data centers to fuel AI are believed to be in strong demand for Nvidia high-end GPUs, and some claim that a low-cost alternative could hurt the Silicon Valley chip star's company.
Ben Van Roo, co-founder and CEO of Yurts, a startup that specializes in protecting sensitive data while enabling access by AI models, thinks DeepSeek's popularity is good news for Nvidia.
With billions in revenues in its first quarter on the market, Nvidia has increased production of its premium Blackwell processors, which power AI.
The US banks, pharmaceutical corporations, startups, and tech giants are all investing heavily in this ground-breaking technology.
With Washington restricting the technology's exports, the US and China are outpacing each other in the development of quantum technology.
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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 revenue at the end of the previous year.