The world’s largest company has posted a stellar profit in the third quarter of the year, calming concerns about an AI bubble and boosting its share price.

Chip-maker Nvidia has revealed a record revenue of USD$57 billion (AUD$88 billion) in the three months to October 26, a 62 per cent increase on the same period last year.

It posted an almost USD$32 billion (AUD$49.4 billion) total profit for the quarter as its CEO and founder Jensen Huang praised the stellar result.

“Blackwell sales are off the charts, and cloud GPUs are sold out,” Mr Huang said.

“Compute demand keeps accelerating and compounding across training and inference — each growing exponentially.

“We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast — with more new foundation model makers, more AI start

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