AI chip giant Nvidia on Wednesday reported profit of $31.9 billion and record high $57 billion quarterly revenue, surging beyond the bar set by stock market projections, potentially easing AI bubble fears. Investors closely watched as chipmaker Nvidia released its quarterly earnings amid the backdrop of AI bubble concerns. "Blackwell sales are off the charts, and cloud GPUs are sold out," Nvidia chief executive Jensen Huang said in an earnings release, referring to the latest model of its state-of-the-art hardware. The report, coming after the markets closed, is seen as a check on the AI boom that began three years ago with OpenAI’s ChatGPT. That breakthrough turned Nvidia from a chipmaker mostly known for video game graphics into a key player in AI, as its special chips are now ess

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