Feb 19, 2025 10:21 AM IST
The South Korean authorities has introduced plans to accumulate 10,000 GPUs from Nvidia because the nation appears to be like to construct a nationwide AI computing middle.
Semiconductor big Nvidia’s shares have virtually recovered from the losses it skilled after Chinese language Synthetic Intelligence (AI) startup DeepSeek launched its low-cost AI mannequin.
Nvidia and DeepSeek logos are seen on this illustration(Reuters)
Nvidia Company Frequent Inventory closed at $139.40 on the tech-heavy Nasdaq after the buying and selling session ended on Tuesday, February 18, 2025. This was an increase of 0.40% or $0.55.
This comes after Elon Musk’s AI startup xAI launched Grok 3 and an announcement got here of the South Korean authorities trying to order an enormous variety of chips from the chip maker.
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The DeepSeek launch impacted Nvidia shares for the reason that mannequin used older variations of Nvidia chips and nonetheless claimed to rival established Silicon Valley giants resembling OpenAI’s ChatGPT.
Earlier than the DeepSeek mannequin was launched, Nvidia shares had been buying and selling round $142 a bit.
After its launch, the shares plummeted by 17% on January 27, lowering chip maker’s market capitalization by almost $600 billion. this was the report greatest one-day loss ever by a US-based firm.
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Issues are wanting up for Nvidia in different methods as effectively. The South Korean authorities has introduced plans to accumulate 10,000 Graphics-Processing Items (GPUs) from it because the nation appears to be like to construct a nationwide AI computing middle.
The nation’s appearing President Choi Sang-mok had made the announcement on Monday throughout a committee assembly aimed toward positioning South Korea as one of many world’s prime three AI powerhouses.
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“Buoyant cloud GPU pricing affirms strong demand environment,” a Barrons report quoted wrote UBS analyst Timothy Arcuri as having written in a analysis word on Monday. “Looking ahead, given the demand backdrop we would not be surprised if pricing for Hopper instances remains resilient.”
Advisable Subjects Information / Enterprise / Nvidia shares virtually get well from DeepSeek rout after Grok 3 launch, large South Korean order
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