Nvidia profit jumps 65%, wallops Wall Street estimates, likely to ease fears of AI bubble

Nvidia, the company that sells nearly 90 per cent of chips used for artificial intelligence, reported profit of $31.9 billion for the last quarter, up 65 per cent year on year and 245 per cent from the year before that. Only Google’s parent company, Alphabet, made more money in the same quarter, according to The New York Times.