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Story summary
- NVIDIA Corp. reported strong third-quarter results with revenue of $57 billion, up 62%.
- The data center segment generated $51.2 billion, up 66%, easing AI bubble concerns.
- Jensen Huang, CEO of NVIDIA Corp., dismissed bubble fears and highlighted AI investments.
- NVIDIA faces risks from AI demand slowdowns and competition, though analysts say bubble fears are unfounded if OpenAI and Anthropic thrive.
- NVIDIA holds $60.61 billion in cash and high margins support growth.
