In this article

NVDA

Follow your favorite stocks CREATE FREE ACCOUNT

Shares in artificial intelligence darling Nvidia initially popped as much as 5% Thursday after the U.S. firm beat expectations in third-quarter results, but later reversed that surge and turned negative.

Wednesday after the bell, Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance.

"There's been a lot of talk about an AI bubble ," Nvidia CEO Jensen Huang told investors on an earnings call, as the firm set out its view of the industry. "From our vantage point, we see something very different."

The blowout quarter exceeded even the whisper numbers for the AI chip leader, and while most major analysts

See Full Page