Nvidia CEO Dismisses Concerns of an AI Bubble. Investors Remain Skeptical

Summary

Nvidia reported record quarterly sales and profit, and CEO Jensen Huang used the company’s earnings call to push back against talk of an AI bubble. Huang argued demand for Nvidia’s GPUs remains robust across cloud, enterprise and robotics, and highlighted extensive partnerships and investments in AI firms. Despite the upbeat forecast and $500bn in unfilled orders, Nvidia shares remain below their October highs as investors question sustainability and raise concerns about supply, energy and whether Nvidia’s investments and buybacks are propping up demand.

Key Points

CEO Jensen Huang dismissed the idea of an AI bubble during Nvidia’s earnings call, arguing long-term demand for GPUs will continue across industries.
Nvidia reported about $57bn in sales and nearly $32bn in profit for the quarter, and expects roughly $65bn in sales next quarter (above Wall Street estimates).
The company has around $500bn in unfilled orders, signalling strong demand but also persistent supply constraints.
Nvidia has been investing heavily in AI companies (including OpenAI, Anthropic and others) and buying back shares — a strategy that some investors see as risky or as artificially supporting sales.
Shares fell roughly 10% in recent weeks from an October peak; after-hours trading climbed slightly post-results but didn’t recover earlier highs.
About 90% of revenue now comes from data centre business; growth is expected to slow to around 64% for the current fiscal year.
Investors worry electricity and supply-chain limits could slow data-centre builds and, in turn, future GPU sales.

Context and Relevance

This story matters because Nvidia sits at the heart of the AI infrastructure boom. Its chips power most large-scale generative models, so the company’s performance and strategy influence cloud operators, AI startups and the wider semiconductor market. The article highlights tensions between explosive demand, practical limits (power, supply chains) and corporate tactics (investments and buybacks) — factors that will shape investor sentiment and industry capacity over the next year. If you follow AI, semiconductors or markets, Nvidia’s results are a bellwether for how fast — and sustainably — the AI economy can grow.

Why should I read this?

Short version: if you care about AI, chips, or tech stocks, this is the tea. Jensen Huang says everything’s fine; investors aren’t fully convinced. Read it to get the numbers, the forecast, and why power and supply limits could trip up even the hottest company in tech.

Source

Source: https://www.wired.com/story/nvidia-third-quarter-2026-earnings/