www.foxbusiness.com
Nvidia CEO Jensen Huang anticipates a “crazy good” fourth quarter, driven by the AI boom and strong Q3 earnings. He emphasized that Nvidia is leading a computing revolution, modernizing systems with accelerated computing and AI GPUs, expecting this to last for years. Huang addressed concerns about “circular” deals, stating their investments in AI companies like OpenAI are minimal compared to revenue and these companies primarily rely on external funding. Nvidia’s robust performance has calmed investor nerves about an AI bubble, with shares jumping and boosting the broader market. Q4 sales are projected at $65 billion, reflecting substantial growth and investor confidence.
