The chipmaker's record revenue growth is likely to allay investor concerns about an artificial intelligence bubble.

Computer chip maker Nvidia is at the head of the artificial intelligence revolution. Its results could determine where markets — and the economy — go next.

Bitcoin bounced back above $90,000 on Wednesday after Nvidia delivered another set of blowout quarterly results at 4:30 PM ET, easing slight pressure across risk assets following a week of heavy selling in crypto and tech stocks.

The chip-maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.

Nvidia’s sales of the computing chipsets powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.

Nvidia briefly surpassed $5tn in market capitalisation in October, helped by a bullish revenue projection from Huang, as well as hopes of a diplomatic breakthrough between Washington and Beijing that would allow it to resume AI chip sales in China — which has not materialised.

Stock futures are climbing after Nvidia posted a better-than-expected earnings report, which many investors said could help indexes rebound from the recent bruising selloff. Futures tied to the Nasdaq-100 led gains.

Nvidia is scheduled to release its quarterly results shortly after the closing bell today, and investors are expecting big things from the company at the center of the AI boom.

Also in today’s newsletter, Dutch government suspends Nexperia intervention, and Nasdaq and Singapore’s SGX to allow simultaneous joint listings