"Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and forecasting continued strong growth for the current quarter with demand for its AI chips showing no sign of slowing down. "Blackwell sales are off the charts, and cloud GPUs are sold out," CEO Jensen Huang said in a prepared statement. Nvidia's stock rose as much as 5% in after hours trading, after finishing the regular session up 3%."
"Sales in the company's datacenter unit, which accounts for the vast majority of Nvidia's business, expanded 66% year-over-year to $51.2 billion, compared to the $49.7 billion expected by analysts. Overall revenue of $57 billion was above Nvidia's own projections and topped the $55.5 billion expected by Wall Street. Looking ahead, Nvidia projected fourth-quarter revenue between $63.7 billion and $66.3 billion, well above the $62.4 billion that analysts expected."
Nvidia reported third-quarter revenue of $57 billion, a 62% year-over-year increase that exceeded Wall Street expectations and the company’s own projections. Datacenter sales, which make up the bulk of Nvidia’s business, rose 66% to $51.2 billion versus analysts’ $49.7 billion estimate. CEO Jensen Huang said Blackwell sales are off the charts and cloud GPUs are sold out, signaling strong demand for AI chips. Nvidia’s stock rose as much as 5% in after-hours trading after a 3% regular-session gain. The company projected fourth-quarter revenue between $63.7 billion and $66.3 billion, above analyst forecasts.
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