Nvidia Reports ‘Off The Charts’ Demand For AI Chips

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips for powering artificial intelligence. The solid results come amid increasing talk among Wall Street analysts of an AI bubble, with all eyes on how Nvidia, the industry’s bellwether company, will weather the doubts. Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 3 percent. It also took in some 60 percent more money in the quarter than it did during the same period the prior year, according to earnings figures. “Blackwell sales are off…