NVIDIA announced record third-quarter revenue of $57.0 billion and adjusted earnings per share of $1.30, decisively beating Wall Street forecasts. [1, 10, 12] The company's performance was driven by its data center division, which posted a record $51.2 billion in revenue, a 66% increase from the previous year, underscoring the sustained, massive demand for its AI chips. [3, 6, 10] Looking ahead, NVIDIA projected fourth-quarter revenue of approximately $65 billion, also surpassing analyst estimates. [6, 7, 12] CEO Jensen Huang dismissed concerns of an "AI bubble," stating that sales of the new Blackwell platform are "off the charts" and that the industry is in a virtuous cycle of AI adoption. [1, 2, 3] The strong results and optimistic outlook spurred a positive market reaction, with NVIDIA's shares rising over 4% in after-hours trading and boosting sentiment across Asian markets and U.S. futures. [7, 9, 12]
NVIDIA Shatters Q3 Earnings Expectations, Issues Bullish Forecast
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