Jensen Huang

And NVIDIA's contribution is probably about 35 of that.

NVIDIA is the leader in chips used for artificial intelligence, and CEO Jensen Huang says we're now in a virtuous cycle as AI expands into more and more aspects of life.

That eye-popping sales figure was up 62% from the same quarter last year.

The company's profits leapt 65% to nearly $32 billion.

Markets have retreated in recent weeks over concerns that AI investment is overdone and there's a bubble.

But Huang said NVIDIA sees something different.

The way people use computers is changing and AI is transformational.

NVIDIA's strong quarter comes with the world's second biggest economy still essentially off-limits.

The U.S.

government has blocked chipmakers from selling high-end chips to China amid festering trade tensions.

John Rewich, NPR News.

I said sales are off the charts for Blackwell and NVIDIA GPUs in the cloud are sold out.

We got plenty of Blackwells to sell you.

We have lots of Blackwells coming.

We're making a lot of Blackwells and we have a bunch of Vera Rubins coming.

And so business is very, very strong.

But we've planned our supply chain incredibly well.

We have the largest supply chain in the world.

Our partners, TSMC, our memory partners, SK Hynix, Micron, Samsung, are doing a fantastic job supporting us.

And all of our systems partners, Foxconn and Quanta and Wishtron, our packaging partners, everybody's doing a fantastic job supporting us.