Written by Anuj BhatiaNew Delhi | Updated: November 20, 2025 06:29 AM IST 3 min readNvidia reported record sales and profits that exceeded Wall Street’s expectations, bringing a sigh of relief to investors following concerns that the GPU maker was overvalued and that the tech market was increasingly headed toward an AI bubble.Nvidia’s sales grew 62 per cent year-over-year to $57 billion in the October quarter, beating Wall Street’s expectation of $54.9 billion and signalling that demand for its AI chips remains strong, dismissing questions about whether investments in AI infrastructure will ever be recouped. The company posted profits of $31.9 billion, up 65 per cent from the year-ago quarter and also slightly above expectations.Shares of Nvidia, the world’s most valuable public traded company, rose over 6.5 per cent in after-hours trading Thursday (India time).“Blackwell sales are off the charts, and cloud GPUs are sold out,” Nvidia CEO Jensen Huang said in a statement. In fact, on a call with investors following the results, Huang dismissed concerns about an AI bubble.“There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Huang said.Computer AI-chip maker Nvidia is at the center of the AI boom, which has driven its valuation to as high as $5 trillion. Its flagship Blackwell AI chips are critical for the massive data centers being built everywhere. But as more money is poured into constructing these data centers, many are questioning when and how tech companies will recoup their investments in AI, and whether there is a clear path to profitability. Nvidia’s GPUs have become the critical hardware that powers advanced AI models like ChatGPT.At the same time, a bubble-like situation has emerged due to the circular AI deals that Nvidia and other major Silicon Valley firms have formed, such as the latest $100 billion investment in OpenAI in exchange for chip purchases announced in September.Story continues below this adInvestors worry that if one major tech company falters, the market could react sharply, wiping out billions of dollars. Another big question is whether the large, big economy will benefit from the AI boom, or is it just a bubble.For now, Nvidia’s latest earnings show that the market was overreacting and that there is no real AI bubble. Some investors say Nvidia is still far from reaching its peak. This in itself shows that big tech companies such as Nvidia, Meta, Microsoft, and Google, as indicated in their latest earnings reports plan to continue investing heavily in AI infrastructure.However, Alphabet CEO Sundar Pichai, in a recent interview with the BBC, did acknowledge that artificial intelligence models are “prone to some errors” and warned of the impact if an AI bubble were to burst. “I think no company is going to be immune, including us,” he told the publication. Google this week unveiled Gemini 3, the company’s latest AI model, which is at the heart of many of its products, including its search engine.Anuj Bhatia is a personal technology writer at indianexpress.com who has been covering smartphones, personal computers, gaming, apps, and lifestyle tech actively since 2011. He specialises in writing longer-form feature articles and explainers on trending tech topics. His unique interests encompass delving into vintage tech, retro gaming and composing in-depth narratives on the intersection of history, technology, and popular culture. He covers major international tech conferences and product launches from the world's biggest and most valuable tech brands including Apple, Google and others. At the same time, he also extensively covers indie, home-grown tech startups. Prior to joining The Indian Express in late 2016, he served as a senior tech writer at My Mobile magazine and previously held roles as a reviewer and tech writer at Gizbot. Anuj holds a postgraduate degree from Banaras Hindu University. You can find Anuj on Linkedin. Email: anuj.bhatia@indianexpress.com ... Read More© IE Online Media Services Pvt LtdTags:Nvidia