Nvidia increased sales in its latest quarter of the chips at the heart of the artificial intelligence boom even faster than Wall Street anticipated, reassuring investors that the global AI spending spree is still going strong.
Chief executive Jensen Huang shrugged off market anxiety about the durability of AI spending after hundreds of billions of dollars were wiped off the value of tech stocks in recent weeks.
“There has been a lot of talk about an AI bubble. From our vantage point we see something very different,” Huang told analysts on Wednesday.
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