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Jensen Huang’s Answer to the ‘A.I. Bubble’ Talk is a $96 Billion Quarter

Nvidia posted $96.2 billion in quarterly sales and told Wall Street to expect roughly 70 percent growth next year. Apparently, the only limit is how fast suppliers can meet demand.

While most of Silicon Valley’s giants claim that their big ideas came while dwelling in basements or tinkering in garages, a diner on Berryessa Road in San Jose birthed a tech titan over a full stack of flapjacks. 

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Jensen Huang founded Nvidia in a Denny’s booth in 1993, believing specialized 3D graphics accelerators would be the future of gaming. He was right, and the company became synonymous with the future of artificial intelligence. Huang still runs Nvidia, and for the past year, a growing chorus has argued that the boom he sits at the center of is inflated.

On Wednesday, after market close, Huang addressed that concern with a number: $96.2 billion in sales in three months, up 106 percent from a year ago, beating Wall Street estimates. Then came the guidance. Huang told investors to expect $108 billion in the current quarter, against Wall Street’s $104.2 billion. For........

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