PANews, November 20th - Nvidia (NVDA.O) just released its Q3 fiscal quarter results, with sales of its chips, a core component of the artificial intelligence (AI) boom, exceeding Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed revenue of $57 billion, a 62% year-over-year increase. Data center revenue reached $51.2 billion, higher than the expected $49 billion. Furthermore, its Q4 revenue outlook is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jensen Huang stated, "Blackwell sales are phenomenal, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.PANews, November 20th - Nvidia (NVDA.O) just released its Q3 fiscal quarter results, with sales of its chips, a core component of the artificial intelligence (AI) boom, exceeding Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed revenue of $57 billion, a 62% year-over-year increase. Data center revenue reached $51.2 billion, higher than the expected $49 billion. Furthermore, its Q4 revenue outlook is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jensen Huang stated, "Blackwell sales are phenomenal, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.
Nvidia's AI revenue and outlook both exceeded expectations, with Jensen Huang stating that sales were phenomenal.
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PANews, November 20th - Nvidia (NVDA.O) just released its Q3 fiscal quarter results, with sales of its chips, a core component of the artificial intelligence (AI) boom, exceeding Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed revenue of $57 billion, a 62% year-over-year increase. Data center revenue reached $51.2 billion, higher than the expected $49 billion. Furthermore, its Q4 revenue outlook is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jensen Huang stated, "Blackwell sales are phenomenal, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.
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