Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation by mounting fears of an AI bubble, even as it continues to post blockbuster results, according to audio of an internal all-hands meeting reviewed by Business Insider.

The numbers couldn’t have come at a better time for Nvidia’s new infrastructure partners Brookfield and the Kuwait Investment Authority, which this week unveiled plans to amass a $100 billion portfolio of physical assets that underpin the delivery of AI, including AI factories, power stations and data centers.

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.

Record sales, a strong financial forecast, and CEO Jensen Huang’s impassioned arguments on his company’s earnings call weren’t enough to push Nvidia shares back to their October high.

Nvidia investors are bracing for a roughly $300bn swing in market value following quarterly results on Wednesday, amid rising unease over Silicon Valley’s vast spending on artificial intelligence.

Gap’s Old Navy brand continues to draw value-focused shoppers, while its namesake brand attracts more high-income and Gen Z consumers, Chief Executive Richard Dickson said. The retailer also said it has sold more of its items at full price, which it expects to drive further growth during the holiday shopping season.

Nvidia continues to prove the AI doubters wrong by delivering quarter after quarter of breakneck earnings growth, maintaining its high margins, and generating substantial excess cash flow despite increased spending.

Katie Martin So the general rule of thumb is that when there is some sort of pop in markets for like whatever reason, like Covid, or “liberation day”, crazy tariffs or, whatever it is, investors don’t necessarily sell what they want to sell. They sell what they can sell, like whatever is still liquid.