Nvidia has reported quarterly revenue of $96.2 billion, smashing Wall Street expectations and easing fears of an AI bubble, according to the company's latest earnings release.
The chipmaking giant's data center division alone brought in $89 billion, with demand for AI infrastructure continuing to outpace supply, CEO Jensen Huang said.
Revenue was up 106% compared to the same quarter last year, with earnings per share more than doubling to $2.22.
Despite the blowout numbers, analysts noted that a handful of major hyperscale customers still account for the bulk of Nvidia's data center revenue, raising questions about customer concentration going forward.
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