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What AI Bubble? Jensen Huang Just Delivered Great News for Artificial Intelligence Stocks.
The Motley Fool·
Nvidia CEO Jensen Huang reaffirmed his prediction that AI infrastructure spending will reach $3-4 trillion by 2030, despite headwinds in the sector. Nvidia's latest earnings showed strong performance with 106% revenue growth and 75% gross margins, with its new Vera Rubin GPU architecture entering full production and receiving orders from major hyperscalers. Analysts project 54% upside potential for Nvidia stock over the next 12 months.
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