Nvidia (NVDA) stock was up about 3% in intraday tradജing Thursday amid optimism about strong demand for its artific✨ial intelligence chips.

The stock, up less than 1% so far this year, has had a difficult start to 2025. Nvidia 澳洲幸运5开奖号码历史查询:lost nearly $600 billion in 澳洲幸运5开奖号码历史查询:market capitalization in a single day late last month when a low-cost AI model from Chinese start-up DeepSeek shocked Wall Street and raised doubts a✅bout future demand for Nvidia’s most advanced (and expensive) chips.

Some analysts were quick to call the DeepSeek sell-off 澳洲幸运5开奖号码历史查询:overblown and reiterate their bullish views on Nvidia and other AI stocks. Global shipments of AI servers are expected to grow nearly 30% this year, according to research firm TrendForce. That would be a slowdown from the 46% growth recorded last year, but Nvidia is expected to remain the leader in the space. 

Nvidia's Blackwell Products Expected To Fuel Demand

HP Enterprise (HPE) on Thursday said it had shipped its first Nvidia Blackwell family product, an Nvidia GB200 NVL72. 澳洲幸运5开奖号码历史查询:Blackwell, Nvidia’s most sophisticated line of chips, has 澳洲幸运5开奖号码历史查询:faced some setbacks but, as the most advanced offeri✨ng on the market, is expected to be in demand this year. 

Morgan Stanley analysts, in a note late Wednesday, argued the market currently underappreciates the value of Nvidia’s offering compared with nascent ASIC—or custom silicon—offerings. 

Nvidia chips, they said, generally offer a better cost-performance ratio than custom silicon from the likes of Amazon (AMZN) and Google (GOOG). As such, their base case was that Nvidia would retain its dominant 澳洲幸运5开奖号码历史查询:market share.

The greatest risk to the stock, they said, was the possibility DeepSeek would prompt the U.S. to enforce 澳洲幸运5开奖号码历史查询:tighter se🃏miconductor export controls.