What AI bubble? Nvidia posts record $68 billion quarterly revenue and $78 billion forecast, as Jensen Huang cites ‘skyrocketing’ adoption of agents

Once again, Nvidia CEO Jensen Huang had a simple response for investors who are worried that the AI spending race might be overblown.

During the $4.8-trillion-valuation chip supplier’s earnings call on Wednesday, analysts pressed Huang on whether major cloud customers—whose capital expenditures are nearing $700 billion a year—could keep up the pace. According to Huang, it’s a no-brainer. In the new AI-based economy, compute and revenue are essentially the same thing. Without the capacity to generate AI tokens...