In one stroke, Nvidia’s chief executive Jensen Huang has delivered an earnings masterclass, gagged the legion of artificial intelligence detractors and put some life back into global equity markets.

In the lead-up to the AI chip giant’s quarterly earnings release on Thursday morning, nervousness about what has been called the AI bubble had taken a hold on many investors. Nvidia needed something to knock it out of the ballpark.

It’s fair to say that Huang hit the ball into the next suburb.

Jensen Huang’s Nvidia hits 11 out of 10 in its latest earnings report.Credit: Bloomberg

Analysts had expected the chip behemoth to show more than 50 per cent growth in both net income and revenue in its fiscal third quarter. The company cleared that hurdle easily, with grow rates north of 60 per cent.

The ripple effect was immense. In Wall Street’s after-hours market, Nvidia........

© The Sydney Morning Herald