Nvidia dunks on the doubters

Nvidia’s Q3 results and Q4 outlook provided an emphatic statement that speaks for itself: it’s still boom times for the company at the heart of AI.

And while actions (and numbers!) may speak louder than words, the Q3 conference call offered plenty to chew on. During both prepared remarks and the Q&A, CEO Jensen Huang and CFO Colette Kress systematically addressed and dissected most of the recent arguments and bear cases put forward by their naysayers — whether it was brought up in a question or not.

There were flexes galore.

Huang spoke not only as the CEO of the world’s largest company, but also as an ambassador for AI, justifying the immense spending that benefits his firm by pointing to the rewards he believes his customers will reap.

This is the kind of conference call that will either have people revisiting some of these quotes and going, “I should have known this would be the first $6 trillion company,” or, “All this hubris was such a big tell that the AI trade was doomed.”

Or, depending on how much of a sense of humor the market gods have, both!

AI bubble?

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