The chipmaker’s stellar third-quarter earnings and fourth-quarter forecast calmed, at least temporarily, investor nerves over concerns an AI boom has outrun fundamentals.
Global markets have looked to the chip designer to determine whether investing billions of dollars in AI infrastructure expansion has resulted in an AI bubble.
“There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” CEO Jensen Huang said on a call with analysts, where he touted how much cloud companies wanted Nvidia chips.
“We’re in every cloud. The reason why developers love us is because we’re literally everywhere,” he said. “We’re everywhere from cloud to on-premise to robotic systems, edge devices, PCs, you name it. One architecture. Things just work. It’s incredible.”
He reiterated a forecast from last month that the company had US$500 billion in bookings for its advanced chips through 2026.
