Prediction: Nvidia Stock Is Going to Soar in 2025, Thanks to This Incredible News From Jensen Huang
Nvidia (NASDAQ: NVDA) stock set a new record closing high just shy of $150 in January, but it has since declined by 16%. The drop was triggered by news that a Chinese artificial intelligence (AI) start-up called DeepSeek figured out a way to train advanced models at a fraction of the cost -- and with less computing power -- than its American peers.
Nvidia supplies the world's most powerful data center graphics processing units (GPUs) for AI development, so investors were concerned DeepSeek's methodology would drive a collapse in demand for those chips. However, Nvidia CEO Jensen Huang made a series of comments last week that suggest some of the newest AI models from DeepSeek and other developers could actually result in a significant increase in GPU demand instead.
Here's what he said, and why I predict the comments could send Nvidia stock soaring this year.
Source Fool.com
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