Jensen Huang

Last night revealed another set of outstanding results from Nvidia. Its quarterly revenues were up by 105 percent year-on-year, comfortably ahead of expectations. Its earnings per share doubled. Its gross margin remained at an impressive 75 percent. And its guidance for the third quarter was for another significant rise in revenues. The chip manufacturer's founder Jensen Huang bullishly declared that the Artificial Intelligence industry had reached its “golden age” without risking ridicule. Nvidia's share had been flat-lining for much of the past few months, and rival chipmakers have been crashing, as investors started to doubt whether the massive investment in AI, and the data hubs that power it, could be sustained. And yet, once again, the company proved its critics wrong.