
Nvidia’s AI chip sales surged again in latest quarter, but worries about a tech bubble persist
Nvidia’s sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated during the company’s latest quarter, a letdown likely to stoke worries that technology’s latest craze has been fool’s gold. The results announced Wednesday were hotly anticipated because Nvidia has emerged as a bellwether of a two-year-old AI boom that has propelled the stock market to record heights. Although Nvidia’s second-quarter profit and total revenue were higher than analysts forecast, sales in the company division responsible for its AI chips were slightly below projections. Nvidia’s stock slid 3% in extended trading.