Nvidia’s sales of computing chips for AI soared past analysts’ expectations, calming fears of a tech bubble burst. The company’s Q3 earnings hit $31.9 billion, with a 65% increase in profits and a 62% rise in revenue to $57 billion. Nvidia predicts Q4 revenue to reach $65 billion, signaling continued demand for AI chips. CEO Jensen Huang touts robust market conditions, with $500 billion in chip sales projected by the end of 2022. Despite recent bubble concerns, Nvidia’s pivotal role in the economy and tech sector remains strong, driving stock gains and investor optimism.

Read more at Yahoo Finance: Nvidia earnings clear lofty hurdle set by analysts amid fears about an AI bubble