Nvidia posted record $81.6B revenue with 85% YoY growth. Bank of America raised its price target to $350 as crypto miners pivot to AI infrastructure.

Nvidia's soaring revenue highlights the escalating demand for AI infrastructure, raising questions about sustainability and geopolitical risks.

Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware…