Record profits and year-on-year revenue growth above 60 percent have put Nvidia at the centre of debate over whether the surge in AI spending signals a bubble or a long-term boom.

CEO Jensen Huang and CFO Colette Kress dismissed concerns about the bubble, highlighting strong demand and expectations of around $65 billion in revenue for the next quarter.

Executives forecast global AI infrastructure spending could reach $3-4 trillion annually by the end of the decade as both generative AI and traditional cloud computing workloads increasingly run on GPUs.

Widespread adoption by major partners, including Meta, Anthropic and Salesforce, suggests lasting momentum rather than short-term hype.

Analysts generally agree that Nvidia's performance remains robust, but questions persist over the sustainability of heavy investment in AI. Investors continue to monitor whether Big Tech can maintain this pace and if highly leveraged customers might expose Nvidia to future risks.