Huang Crushes A.I. Bubble Concerns with Record-Breaking Nvidia Sales

Nvidia CEO Jensen Huang addressed concerns about an 'A.I. bubble' by announcing a record-breaking $96.2 billion in sales for the past quarter, up 106% from last year.

This number beats Wall Street estimates and is a significant milestone for the company, which has become synonymous with artificial intelligence.

Huang pointed out that 'A.I. has reached its inflection point,' and its tokens are productive and profitable.

The company's data-center sales hit $89 billion, up 117%, with Nvidia keeping 75 cents of every sales dollar as gross profit.