DeepSeek shook the market, but companies like Nvidia are still developing AI platforms that foundation models can use to operate.

Alibaba, ByteDance, and Tencent are driving demand for NVIDIA H20 chips, fueling China’s AI boom despite U.S. export restrictions.

In its fourth fiscal quarter ending last month, Nvidia reported $39.3 billion in revenue, $0.89 adjusted earnings per share and $22.1 billion of net income. Consensus analyst estimates called for Nvidia to report $38.1 billion in revenue and $0.85 adjusted earnings per share ($19.6 billion net income), according to FactSet data.

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

Nvidia's forecast also helps allay doubts around a slowdown in spending on its hardware that emerged last month. The company reported quarterly results on Wednesday.