Nvidia shrugs off fears of an AI bubble with record demand for chips

San Francisco | Nvidia’s sales of computer chips that drive the artificial intelligence trend rose above the high bar set by stock market analysts – a performance that could ease recent concerns about a major boom turning into a bust that could topple the world’s most valuable company.

The results, announced late on Wednesday (Thursday AEDT), provided a snapshot of the frantic spending on AI technology that has boosted both the stock market and much of the broader economy since OpenAI released ChatGPT three years ago.

Load…