"As an example, Bloomberg, the financial news site, yesterday actually liveblogged the entire Nvidia conference call with investors like it was the Oscars or the Super Bowl. And Nvidia is this closely watched because it sells the computer chips that are powering the AI boom. And as it told investors again yesterday, it is making gobs of money from that."
"Nvidia CEO Jensen Huang told investors in a call yesterday that he's confident in Nvidia's future. (SOUNDBITE OF ARCHIVED RECORDING) JENSEN HUANG: There's been a lot of talk about an AI bubble. From our vantage point, we see something very different. ASPAN: So he's basically saying that the world is only at the beginning of the transition to generative AI and that there is so much more to come."
"A MARTINEZ, HOST: Yeah. Listen to these numbers. The company announced late yesterday that it made $32 billion in the last three months. In recent weeks, it hit a $5 trillion valuation. Nvidia is a company fueling much of Wall Street's optimism about AI. FADEL: NPR's finance correspondent, Maria Aspan, is here to talk about investors' exuberance and caution about the AI boom. Good morning, Maria. MARIA ASPAN, BYLINE: Good morning."
Nvidia reported $32 billion in revenue for the last quarter and recently reached a $5 trillion valuation. The company sells computer chips that power generative AI and reported revenue and profit that beat analyst expectations. Nvidia shares rose about 5% after the earnings release and stock futures increased. CEO Jensen Huang stated that the world is only at the beginning of the transition to generative AI and dismissed claims of an AI bubble. Investors show both exuberance and caution as Wall Street heavily invests in AI-oriented companies.
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