<div id="readability-page-1">p  AI  Tech giants  Tech news  Investing  See all topics  Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough.  Nvidia on Wednesday posted sales and profits up more than 60% year-on-year, stronger than Wall Street had projected. CEO Jensen Huang said “sales are off the charts.” And the company expects fourth quarter revenue of around $65 billion, once again ahead of Wall Street’s projections.  Nvidia executives said these results, along with growth from other major AI players and the billions being poured into AI infrastructure, indicate that fears of an AI bubble are overblown.  “There’s been a lot of talk about an AI bubble,” Huang said on a call with analysts Wednesday. “From our vantage point, we see something very different.”  Some Wall Street analysts agree. But the wider market is not yet convinced: After briefly ticking up on Thursday morning following Nvidia’s report, the chipmaker’s shares (NVDA) dipped back into the red. They closed Friday down 1%, although the stock remains up 29% from the start of this year.  In other words, Nvidia answered a lot of questions about where the industry stands right now, but it may take more to shift the overall AI narrative.  Nvidia CFO Colette Kress said the company anticipates $3 trillion to $4 trillion in annual AI infrastructure spending by the end of the decade, adding that demand “continues to exceed our expectations.” Already, tech giants are expected to pour $400 billion into AI-related capital expenditures this year, to meet what they say is growing demand for AI and cloud services but also to avoid falling behind industry rivals.  Nvidia has every reason to try to reassure investors — expectations for the company are sky-high after nearly two years of astronomical growth. And many look to the chipmaker as a bellwether for the overall tech industry.  Even as Silicon Valley tries to figure out the business model for generative AI, Nvidia has a big role to fill in the existing tech services people use every day, Huang said. That could help insulate Nvidia even if returns from new AI applications are smaller than expected or take longer to arrive than planned.  “The world has a massive investment in non-AI software, from data processing to science and engineering simulations, representing hundreds of billions of dollars in cloud computing spend each year.” Much of the infrastructure powering that software has transitioned from running on older CPU chips to Nvidia’s GPUs, the chips known for running AI tools, Huang said.  Kress also took the unusual step of ticking through highlights from the chipmaker’s partner’s recent financial reports. At Meta, for example, AI recommendation systems are leading to “more time spent on apps such as Facebook and Threads.” Anthropic recently noted it expects to earn $7 billion in annual revenue this year. And Salesforce’s engineering team is 30% more efficient now that it’s using AI for coding, she said,  among a long list of corporate customers she rattled off.  Nvidia isn’t the only one arguing that AI bubble concerns may be exaggerated.  “The pure Nvidia numbers/guidance and strategic vision shows the AI Revolution is NOT a Bubble…instead its Year 3 of a 10-year build out of this 4th Industrial Revolution in our view,” Wedbush tech analyst Dan Ives said in emailed commentary.  Brian Colello, senior equity analyst at investment research company Morningstar, said he doesn’t “see many signs to suggest that 2026 will be a weak year for Nvidia in any way” and sees the bubble fears weighing on the company’s stock as a “buying opportunity.”  But despite those strong results, it appears the stock market may not be ready to relax just yet.  Questions remain about whether tech firms will maintain their massive spending on AI infrastructure, especially as Nvidia has invested in key, unprofitable customers such as OpenAI and Anthropic. OpenAI CFO Sarah Friar also raised alarms earlier this month when she suggested that the government should backstop the debt tech companies are incurring to build AI infrastructure. Some took her comments as a sign OpenAI may struggle to afford its commitments, although the company later tried to walk back the statement.  And while Nvidia likely has enough customers even if a bubble burst causes some casualties among AI firms, investors may still be worried about what a downturn or even a slowdown could mean for the larger market.  Daniel Morgan, senior portfolio manager at Synovus Trust Company, said questions about the sustainability of Big Tech’s infrastructure spending spree and Nvidia’s circular funding deals were not “put to rest” with its latest report. Instead, they may just be “punted” to the next quarter.  That means Nvidia almost certainly has more work ahead to convince the world that we’re in for an AI boom and not bust.</div>

英伟达

2 倍做多英伟达 ETF - GraniteShares

南方两倍做多英伟达

南方两倍做空英伟达

英伟达期权收益策略 ETF - YieldMax

1 倍做空英伟达 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

半导体 3 倍做多 - Direxion

<p>英伟达强劲的财报旨在消除对人工智能泡沫的担忧，销售和利润同比增长超过 60%。首席执行官黄仁勋和首席财务官科莱特·克雷斯强调了强劲的人工智能基础设施支出，预计到本世纪末每年将达到 3-4 万亿美元。尽管结果积极，英伟达的股票却下跌，反映出市场的怀疑情绪。分析师将此视为买入机会，但对科技公司在人工智能投资方面的担忧以及潜在的财务压力依然存在</p>

The world’s biggest company just told everyone to chill out | CNN Business

- Nvidia 发布强劲财报，销售和利润同比增长超过 60%。  
- 公司预计未来几年 AI 基础设施支出将达 3 至 4 万亿美元。  
- 尽管业绩良好，市场对 AI 泡沫的担忧依然存在。

全球最大公司刚刚告诉大家放轻松 | CNN 商业