Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and better-than-expected growth for the current quarter, as executives shrugged off concerns of a potential AI bubble and added fuel to the fire, forecasting trillions of dollars in industry-wide spending on AI infrastructure by the end of the decade.
“There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang said during a conference call on Wednesday. “From our vantage point, we see something very different.”
