Nvidia earnings: Wall Street sighs with relief after AI wave doesn’t crash

Shipments of AI servers from Taiwan to the US are projected to double in 2025 compared to 2024. Major Taiwanese manufacturers, including Foxconn, Quanta, and Wistron, are increasing production to meet the growing demand for generative artificial intelligence processing. This surge in exports highlights Taiwan's significant role in the global AI supply chain.

Nvidia reported a 65% increase in profit, reaching $31.9 billion, with revenue for the recent quarter rising to $57 billion. The company's CEO, Jensen Huang, has focused on artificial intelligence chips, significantly boosting Nvidia's position in the tech industry.

The US has approved the sale of 35,000 advanced AI chips to the Emirati AI firm G42 and the Saudi Arabian company Humain. This decision marks a significant step in bolstering the technological ambitions of both Gulf nations, positioning them as key players in the AI sector.

Nvidia reported a record revenue of $57 billion for the recent quarter, driven primarily by its data center business. The company's profit surged by 65%, reaching $31.9 billion. This strong financial performance has alleviated concerns about a potential AI investment bubble.

Nvidia reported a 62% year-over-year increase in revenue for Q3, reaching $57.01 billion, surpassing the estimated $54.92 billion. The company's data center revenue rose by 66%. Following this announcement, Nvidia's stock jumped over 5% in after-hours trading, and the company forecasted Q4 revenue above expectations.

US President Donald Trump stated that investment in artificial intelligence (AI) is significantly benefiting the economy. However, he expressed concerns that overregulation could hinder the US's competitive edge against China in the AI sector.

Amazon has introduced a new Video Recaps feature on Prime Video that utilizes AI to summarize key plot points of shows with snippets and music. This feature is currently in beta and available to users in the US. It follows the launch of text-based AI recaps last year, enhancing the viewing experience by adding visual and audio elements.

Nokia has announced plans to separate its artificial intelligence operations from its telecommunications business, following a $1 billion investment from Nvidia. This decision comes as Nokia aims to drive growth through new technologies. The company's stock closed down 6.98% amid these developments.