Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation by mounting fears of an AI bubble, even as it continues to post blockbuster results, according to audio of an internal all-hands meeting reviewed by Business Insider.

So, today, in the wake of Nvidia's earnings report, investors may breathe a sigh of relief as Huang offers evidence that the top AI stock isn't in a bubble -- and instead could continue to deliver growth well into the future as the AI boom evolves.

This week in AI, the bubble keeps inflating despite fresh warnings, Google stages an AI comeback, and Chinese AI threatens Nvidia. Though fears around irrational AI spending used to be confined to skeptics,

CEO Jensen Huang addresses the AI bubble and highlights Nvidia's new partnerships with Anthropic, OpenAI, and xAI.

The chip giant on Wednesday produced results and forecasts that beat expectations, allaying immediate fears. But there are longer-term worries that Nvidia's growth could be crimped by factors beyond the control of even the most valuable listed company in human history, now worth more than $4.5 trillion.

After a strong earnings announcement Wednesday, the CEO said Nvidia’s business will benefit from several long-term tech transitions for the foreseeable future.

Nvidia reported revenue of $57 billion in the third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion, 65% higher year-over-year. Both revenue and profit results beat Wall Street expectations.

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