‘We excel at every phase of AI’: Nvidia CEO quells Wall Street fears of AI bubble amid market selloff
PositiveTechnology
- Nvidia's recent earnings call revealed a significant profit increase of 65%, reaching $31.9 billion, which helped to calm investor fears about a potential AI bubble. The company's revenue also rose to $57 billion, surpassing Wall Street expectations.
- This development is crucial for Nvidia as it solidifies its position as a leader in the AI industry, showcasing strong demand for its products and reinforcing investor confidence amid market volatility.
- The broader context highlights ongoing concerns about the sustainability of AI valuations, especially as global markets face uncertainty, with analysts closely monitoring Nvidia's performance as a bellwether for the tech sector.
— via World Pulse Now AI Editorial System