NVIDIA's Record Chip Sales Can't Ease Doubts on AI Payoff

NVIDIA posted $75.2 billion in Q1 revenue, up 92% year-over-year. Yet U.S. stocks fell June 26 as investors questioned whether tech giants can justify relentless AI infrastructure spending without documented returns. Chip demand is real; what's uncertain is whether this spending cycle has legs. Even lower fuel costs couldn't offset the doubt.