DeepSeek V3 ‘bullish’ for Nvidia, would buy on weakness, says Cantor Fitzgerald

DeepSeek’s V3 large language model is “actually very bullish” for Nvidia (NVDA) and compute, despite “great angst” around the impact for compute demand and fears of peak spending on GPUs, Cantor Fitzgerald tells investors. The firm says DeepSeek’s advances mean artificial general intelligence is closer, and that work will continue on pre-training, post-training, and time-based inference/reasoning, and future investments in large-scale clusters will only accelerate, all of which is bullish for AI. The firm would buy shares of Nvidia on any potential weakness. Cantor has an Overweight rating and $200 price target on the shares.