Nvidia releases strong outlook to help alleviate concerns about the AI bubble.

The world's largest company in terms of market value, Nvidia, has released a strong revenue outlook for the current quarter, helping to alleviate concerns of a possible collapse in investment in artificial intelligence. The chip manufacturer stated on Wednesday that revenue for the fourth quarter ending in January is estimated to be around $65 billion. Analysts had an average estimate of $62 billion, with some forecasts as high as $75 billion. The outlook indicates a strong demand in the market for Nvidia's artificial intelligence accelerators. These high-priced, high-performance chips are used for developing AI models, and there is growing concern in the industry about the unchecked investment in such devices. After the outlook was released, Nvidia's stock price rose by 5% in after-hours trading. The stock has increased by 39% year-to-date by the closing.