Nvidia CEO Jensen Huang will unveil the company’s latest advancements in artificial intelligence (AI) and quantum computing on Tuesday, brushing off concerns about competition from China’s DeepSeek.
Speaking at Nvidia’s annual developers’ conference in San Jose, Huang is expected to showcase the company’s cutting-edge Blackwell graphics processing units (GPUs) and discuss its role in shaping the future of AI.
Despite the AI boom propelling Nvidia’s stock to record highs, shares have dipped more than nine percent this year, partly due to DeepSeek’s emergence as a formidable AI competitor. The China-based company disrupted the generative AI space with a low-cost, high-performance model, sparking concerns over its potential impact on Nvidia’s dominance. However, questions over DeepSeek’s data handling practices—stored on servers in China—have raised red flags among global regulators.
Industry experts believe DeepSeek’s rise may ultimately benefit Nvidia by driving demand for more AI models.
Nvidia has ramped up production of its high-end Blackwell processors, raking in billions in sales during their first quarter on the market. Huang has emphasized AI’s rapid evolution, predicting Nvidia’s chips and software will continue powering AI across industries, from robotics to autonomous vehicles.
Additionally, Huang is expected to highlight Nvidia’s push into quantum computing, a field advancing faster than anticipated. With major investments from tech firms, banks, and pharmaceutical companies, quantum breakthroughs are now projected within years, not decades.
As the US and China race to dominate the quantum computing space, Washington has imposed export restrictions on the technology. Despite these tensions, Nvidia closed last year with record revenue of $130.5 billion, largely driven by AI-powered data centre sales. The company has projected $43 billion in revenue for the current quarter, surpassing analyst expectations.
