STORY: :: Lisa Bernhard, Reuters
:: Shana Orczyk Sissel, Founder and CEO, Banríon Capital Management
Orczyk Sissel said “the biggest concern” she had as an investor was “somebody coming in and being a threat to [Nvidia’s] market dominance” and that Chinese start-up DeepSeek “definitely” falls into that category.
DeepSeek’s sudden rise in January resulted in Nvidia losing $593 billion in market value, the largest one-day loss for any U.S. company. Its shares were one of the best performers in 2023 and 2024.
“It is somewhat the case that as that stock goes, so does the market,” Orczyk Sissel told Reuters’ Lisa Bernhard.
Nvidia is expected to report a 72% surge in revenue to $38.05 billion in its fourth quarter, according to LSEG data, its slowest growth in seven quarters. It is likely to forecast a 60% jump in revenue for the first quarter ending April.
By contrast, the company’s revenue has seen five straight quarters of triple-digit growth until the quarter ended October.
Orczyk Sissel also discussed Tuesday’s consumer confidence index for February from the Conference Board, which plunged to its lowest level since August of 2021.
