Main to remember
- The CEO of Nvidia, Jensen Huang, is expected to meet President Donald Trump in the White House Friday, Bloomberg Reported, after a wild week for the flea manufacturer’s stock.
- Actions lost more than 12% this week after the emergence of a model of sophisticated AI at a lower cost of the Chinese startup Deepseek stimulated a calculation at Wall Street on IA spending.
- Analysts have largely remained optimistic about the actions of the flea manufacturer, which suggests that the market reaction was perhaps exaggerated.
NVIDIA (Nvda) CEO Jensen Huang should meet President Donald Trump in the White House, Bloomberg Friday, after a wild week for the flea manufacturer’s stock.
The shares have fallen between gains and losses nearly $ 125 in afternoon traffic, after losing more than 12% of their value this week after the rapid increase in Chinese AI startup Deepseek Shake the markets.
The growing popularity of a Deepseek application, which claimed to have developed a model of rivalaling IA rivaling with the performance of American competitors for a fraction of the cost, stimulated a Given Wall Street Regarding the competitiveness of US IA leaders and their technology spending, by sending NVIDIA shares and other AI actions in a tail earlier in the week.
However, analysts have largely remained optimistic about the actions of the flea manufacturer, with Bank of America Tell customers on Wednesday They “consider recent sales as an improved purchase opportunity”. Analysts of Bernstein, Citi, Wedbush, Raymond James and elsewhere were also among those who suggested the reaction of the may have been exaggerated.
Raymond James and Bank of America added that they expect China competition to pushing large technological companies like Microsoft (Msft), Amazon (Amzn) and the alphabet (Googl) to spend even more for AI, for the benefit of Nvidia, Broadcom (Avo), and other manufacturers of AI fleas.
In income calls this week, Microsoft and Meta leaders held near their plans spend billions of dollars this year on the infrastructure of AI.
Huang’s meeting at the White House also comes as a result of reports that the Trump administration could consider tightening restrictions on the sales of American flea in China.
Nvidia reported in November These sales at China represented more than 15% of the flea manufacturer’s manufacturer in his third tax quarter. Nvidia should report its fourth quarter results on February 26.