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Tech leaders at Toronto conference downplay warnings of AI ‘bubble’

Nvidia's Q3 net income rose to $31.9 billion with 62% revenue growth, driven by strong GPU demand for AI training despite concerns over an industry bubble.

  • On Nov. 20, 2025, Nvidia, chipmaker, reported net income of $31.9 billion for the third quarter, easing analysts' jitters after conference remarks earlier that day.
  • Speaking in Toronto on Wednesday, Nvidia senior vice-president of networking Kevin Deierling said `There was a lag` during the dot‑com era but AI use cases already exist for immediate adoption.
  • Nvidia's GPU sales surged beyond analysts' expectations, supporting AI growth, while Francois Chadwick, chief financial officer for Toronto tech firm Cohere, said `There is a real need` for AI.
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The Toronto Star broke the news in Toronto, Canada on Thursday, November 20, 2025.
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