The Globe and Mail reports in its Thursday, Nov. 20, edition that Nvidia's sales of artificial intelligence computing chips surpassed analyst expectations, easing concerns about a potential downturn in Big Tech. An Associated Press dispatch to The Globe reports that the results announced late Wednesday reflect the intense spending on AI technology that has been driving the stock market and economy since OpenAI launched ChatGPT three years ago. Nvidia has greatly benefitted from the surge, as its processors are essential for building AI factories, marking a significant technological shift since the iPhone's release in 2007. Recently, sentiment has shifted, suggesting that high expectations for AI may have become overly optimistic, potentially leading to a sharp decline similar to Nvidia's rise from under $400-billion to $4.5-trillion in three years (all figures U.S.). Nvidia's fiscal third quarter report for August-October is likely to ease concerns about a worst-case scenario. Nvidia earned $31.9-billion or $1.30 per share, a 65-per-cent increase from the same time last year, while revenue climbed 62 per cent to $57-billion. Analysts had forecast earnings of $1.26 per share on revenue of $54.9-billion.