Nvidia president and CEO Jensen Huang pushed back against fears of an AI bubble on the company's blowout earnings call on Wednesday. "There's been a lot of talk about an AI bubble," Huang said. "From our vantage point, we see something very different." Coming from the world's most valuable company that powers nearly every major AI data center, that vantage point matters. Huang said that AI is fueling three transformative shifts that Nvidia is uniquely poised to capitalize on. The first stems