Nvidia shrugs off AI bubble fears, tops Q3 profit expectations

分组1 - Nvidia reported a strong third quarter, with earnings up 65% year-over-year and revenue rising 62%, leading to a 5% increase in shares after hours [5][2] - The company provided guidance for current quarter sales of $65 billion, exceeding analyst expectations by approximately $3 billion [5] - CEO Jensen Huang emphasized the robust demand for Nvidia's advanced Blackwell chips, stating that sales are "off the charts" due to accelerating AI compute demand [5][6] 分组2 - Huang addressed concerns about an AI bubble, asserting that Nvidia's position in the tech sector is strong and distinct from other companies [6][13] - Despite the positive outlook, there are concerns regarding customer concentration, with four major customers accounting for 61% of sales, which poses risks [8][9] - Nvidia's sales in China were impacted by geopolitical issues, with significant purchases not materializing as expected [10][11] 分组3 - The market reacted positively to Nvidia's earnings, with strong gains in US futures and European markets following the announcement [16][18] - Analysts noted that while Nvidia's execution was commendable, there remains uncertainty about future demand and the ability of customers to monetize their AI investments [18][29] - The broader market sentiment is influenced by Nvidia's performance, but there are concerns about the sustainability of the AI trend and its implications for other sectors [31][34]