And...breathe out! The global economy survived NVIDIA's Q3 numbers and the AI bubble didn't burst (yet)

Relax! NVIDIA came up trumps with its quarterly earnings and so the global economy isn’t collapsing, at least for another three months or so. Or as CEO Jensen Huang notes smugly:

There has been a lot of talk about an AI bubble. From our vantage point we see something very different.

That’s a vantage point from the perspective of a 62% year-on-year revenue increase to hit $57 billion. Net income came in at $31.9 billion.

Huang says that NVIDIA was in the right place at the right time:

The world is undergoing three massive platform shifts at once. The first time since the dawn of Moore's Law, NVIDIA is uniquely addressing each of the three transformations. The first transition is from CPU general purpose computing to GPU accelerated computing and Moore's Law slows. The world has a massive investment in non-AI software from data processing ...