Nvidia shunned worries about an ‘AI bubble’ during its recent earnings call. CEO Jensen Huang refuted concerns, highlighting unprecedented sales of Blackwell and sold-out cloud GPUs. Recent sales by significant investors like Peter Thiel and Softbank sparked nervousness. Still, Nvidia’s revenue grew by 22% from the prior quarter and rose 62% compared to last year, achieving a gross margin of 73.4%. Despite concerns that firms like Oracle underreport GPU depreciation, Nvidia continues its revenue surge, driven by shifts from CPU to GPU in generative AI tasks. Some doubts linger about circular deals, but Nvidia’s investment opportunities highlight a bullish outlook.