Nvidia earnings live: AI semiconductor giant announces results

More competition for Nvidia

DeepSeek isn’t the only disruptive threat looming over Nvidia’s earnings release.

Last week, MoneyWeek’s sister site Tech Radar reported that SambaNova Systems, an AI startup founded by former Sun/Oracle employees, claims to have achieved the fastest deployment of the DeepSeek-R1 large language model (LLM) to date.

SambaNova claims to have reduced the hardware requirement to achieve 198 tokens per second per user (a measure of LLM efficiency) from 40 racks of 320 Nvidia GPUs to just 16 custom-built chips.

SambaNova is the fastest platform running DeepSeek,” said Rodrigo Liang, CEO and co-founder of SambaNova. “This will increase to 5X faster than the latest GPU speed on a single rack – and by year-end, we will offer 100X capacity for DeepSeek-R1.”

What is DeepSeek, and why does it matter for Nvidia’s earnings?

One of the key topics that Nvidia (NASDAQ:NVDA) CEO Jensen Huang is likely to address when he speaks to investors and analysts on Wednesday is DeepSeek, the Chinese AI start-up that has turned stock market assumptions about AI on its head.

In brief, DeepSeek released a large language model whose performance matches or exceeds that of ChatGPT – at a fraction of the training cost and, crucially for Nvidia, compute requirements.

Nvidia’s market cap fell $600 billion in a single day following what Silicon Valley venture capitalist Marc Andreessen called AI’s “Sputnik moment”; the biggest single-day loss in stock market history.

So, not only is Nvidia going to need to post strong results for the quarter that ended in December. It will also need to reassure markets that its business can withstand a disruption to the massive chip demand that, it had been assumed, will accompany AI adoption over the long term.

When does Nvidia announce earnings?

Nvidia’s earnings are scheduled to be announced on Wednesday 26 February, after markets close in the US.

US markets close at 4pm Eastern time zone (ET), so 9pm in the UK. It is hosting a conference call to discuss the results at 5pm ET – 10pm UK.

Normally, all we’d be able to say is that the results will be published at some time during that hour channel. Nvidia has however confirmed it will happen at approximately 1.20 pm Pacific time zone: 5.20pm ET / 9.20pm in the UK.

Good morning, and welcome to MoneyWeek’s live blog covering Nvidia’s earnings.

The big release is two days away, but we’re bringing all the analysis and updates ahead of time, as there’s plenty for investors to wrap their heads around before Nvidia’s earnings announcement.

Keep checking in for the latest analysis, predictions and reactions from what has become the stock market’s marquee quarterly event.