Nvidia Earnings Results Steady Markets as AI Spending Debate Intensifies

In brief

• Nvidia’s data-center revenue rose 75% to $62.3 billion, reinforcing its dominance at the core of global AI infrastructure spending.
• U.S. stocks rebounded modestly, with the tech-heavy Nasdaq outperforming.
• CEO Jensen Huang has argued that AI remains early in a multitrillion-dollar buildout, countering investor concerns that the sector may be overheating.