AI chipmaker Nvidia reported a massive $57 billion in quarterly revenue on Wednesday, a whopping increase of 62 percent compared to the same period last year, exceeding Wall Street’s wildest expectations.

The numbers appear to have calmed nervous investors, who had been palpably nervous about a looming AI bubble during the days leading up to the earnings call. A major tech selloff highlighted ongoing concerns of an astronomical gap between sky-high valuations and relatively meager revenues.

But considering Nvidia is selling shovels during an ongoing AI gold rush, the chipmaker was bound to mint astronomical amounts of money either way. Nvidia CEO Jensen Huang used the opportunity to rally weary investors, reminding them there’s plenty of gold to be panned.

“There’s been a lot of talk ab

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