The positive earnings report comes a month after Nvidia CEO Jensen Huang said the company had $500 billion in orders for its AI chips.

"This is how much business is on the books. Half a trillion dollars worth so far," Huang said at the company's GTC conference in Washington last month.

Nvidia is at the center of the artificial intelligence boom, and counts every major cloud company and AI lab as a customer.

Company set to beat Wall Street expectations but analysts await projections for future demand for firm’s AI chips

The chip maker says revenue for the three months to October jumped 62% to $57bn.

The positive earnings report comes a month after Nvidia CEO Jensen Huang said the company had $500 billion in orders for its AI chips.

Nvidia delivered record third-quarter sales and robust guidance, beating Wall Street estimates and reassuring investors worried about an AI bubble.

Analysts expect AI chip demand to remain strong

Strong revenue and “off-the-charts” GPU demand show Nvidia’s AI engine still roaring as CEO Jensen Huang delivers a beat-and-raise quarter

Tech giant Nvidia posted record revenue and strong profit for the third quarter, beating Wall Street expectations, amid exploding growth in artificial intelligence

CEO Jensen Huang sounded confident in the company's products and bullish on the company's outlook during a call with analysts.