Nvidia Earnings Results Steady Markets as AI Spending Debate Intensifies

U.S. stocks edged higher late Wednesday as investors weighed another blockbuster earnings report from Nvidia against lingering concerns over the scale and sustainability of global AI investment. Nvidia reported fourth-quarter revenue of $68.1 billion, up 73% from a year earlier, driven almost entirely by continued demand for data-center infrastructure. Sales in that segment rose 75% to $62.3 billion, reinforcing the company’s central role in the artificial-intelligence buildout that has underpinned equity ...