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The Economic Times
The Economic Times
Business
Anupam Nagar

US Stock Market: AI spending boom fuels Nvidia growth, but Wall Street seeks long-term visibility

Nvidia delivered another quarter of blockbuster growth, reinforcing its position at the centre of the global artificial intelligence boom, even as investors increasingly question how long the extraordinary momentum can last amid intensifying competition in the AI chip market.

The company reported first-quarter revenue of $81.62 billion, comfortably ahead of analyst estimates of $78.86 billion, while adjusted earnings also topped expectations. Data centre revenue, the key driver of Nvidia’s AI-led growth story, surged to $75.2 billion, highlighting continued aggressive spending by technology companies building AI infrastructure.

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