By John Herrman
Publication Date: 2025-11-21 10:00:00
Photo: Intelligencer; Photo: Getty Images
On Wednesday evening, Nvidia, the chip company at the center of the world, announced its quarterly results. It was a blast by any measure for the world’s largest company: It earned 65 percent more profit than in the same quarter last year, revenue was even higher than analysts expected, and leadership forecast AI chip sales of at least $500 billion by the end of 2026. Perpetually hyped up CEO Jensen Huang boasted that the company was “sold out” before going on the oracle: “We’ve entered the virtuous circle of AI. The AI ecosystem is.” Scaling quickly – with more new foundation model makers, more AI start-ups, in more industries and in more countries, AI is spreading everywhere and doing everything at once.”
For Nvidia, one of the few big… things couldn’t be going much better.