Nvidia CEO Jensen Huang told graduates and academics that "the age of AI has started" in a speech on Saturday, after receiving an honorary doctorate degree in engineering from the Hong Kong University of Science and Technology.

Nvidia CEO Jensen Huang emphasized the importance of the AI revolution in a recent interview and tried to minimized concerns that AI could take 100% of jobs.

This market powerhouse once again surpassed analysts' estimates for revenue and earnings per share, delivered record revenue, and maintained gross margin of more than 74%. Importantly, Nvidia also was optimistic about the future,

The artificial intelligence chipmaker failed to meet lofty expectations of some investors who have made it the world's most valuable firm.

Nvidia’s sales surged in its latest quarter and profits nearly doubled, a sign of the strength of an artificial intelligence boom that has made the company the world’s most valuable. Nvidia on Wednesday also projected around $37.

Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.