Nvidia chief executive Jensen Huang in Gyeongju, South Korea, in October.

Nvidia NVDA-Q forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial intelligence bubble.

The results from the AI chip leader mark a defining moment for Wall Street, as global markets looked to the chip designer to determine if investing billions of dollars in AI infrastructure expansion had resulted in towering valuations that potentially outpaced fundamentals.

The world’s most valuable company expects fiscal fourth-quarter sales of US$65-billion, plus or minus 2 per cent, compared with analysts’ average estimate of US$61.66-billion, according to data compiled by LSEG.

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