Nov. 19 (UPI) -- Tech giant Nvidia on Wednesday posted record revenue and strong profit for the third quarter, beating Wall Street expectations, amid exploding growth in artificial intelligence.
Nvidia, which has the world's largest market capitalization at $4.5 trillion, reported record sales. It said sales grew 62% in one year to $57 billion through Oct. 26. Wall Street had projected a $54.9 billion figure.
On Oct. 29, Nvidia became the first company worldwide with a $5 trillion cap one day before CEO Jensen Huang met with President Donald Trump in the White House.
"There's been a lot of talk about an AI bubble. From our vantage point, we see something very different," Huang said during a conference call with investors.
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