Nvidia's $NVDA latest report for the first quarter showcased significant growth, underscoring the strong demand for artificial intelligence (AI) chips. The data released on Wednesday indicates "impressive" orders for the company's new Blackwell semiconductors. This forecast helps dispel concerns about a slowdown in spending on Nvidia's equipment, which arose following a Chinese startup DeepSeek's claim that it has developed AI models that rival Western counterparts at a fraction of the cost.