Computer chip giant Nvidia reported earnings and revenue Wednesday that beat Wall Street estimates, a signal to investors that the artificial intelligence boom that has fueled 2025's record U.S. stock market gains and backstopped the economy writ large most likely has more room to run.

Sales of its trademark Blackwell AI chips "are off the charts," while another set of key computer processing units is "sold out,” founder and CEO Jensen Huang said in a statement.

On a call with investors following the report, Huang dismissed concerns about an AI bubble.

“There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Huang said.

Dan Ives, managing director at Wedbush Securities finanical group, echoed that sentiment.

“This was a golden quarter f

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