US EditionNvidia forecasts fourth-quarter revenue above estimates amid AI-bubble concerns
Nvidia's AI chip demand drives a 62% revenue increase to $57 billion in Q3, with Q4 forecast at $65 billion, surpassing Wall Street estimates amid strong cloud and data center growth.
- Guidance showed fourth-quarter revenue above Wall Street estimates as Nvidia, the Santa Clara, California chipmaker, reported third-quarter results that beat analysts' expectations on Wednesday.
- Data‑center spending has accelerated, boosting chip demand as Colette Kress reported 5 million GPU sales and Jensen Huang highlighted $500 billion in chip orders through 2026.
- The chipmaker reported $57 billion in third‑quarter revenue, a 62% year‑over‑year increase, earnings per share were $1.30, and data‑center segment sales reached $51.2 billion.
- Despite the rally, some investors still warn of an AI 'bubble' as Nvidia stock jumped 2.6% after the report, following a nearly 8% drop in November.
- Nvidia, the chip designer central to the AI ecosystem, is at the center of the AI boom, with analysts expecting sales to rise 39% in fiscal 2027, and its $10 billion Anthropic investment signals ongoing AI infrastructure expansion.
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Nvidia posts Q3 financial results with record revenue
5 biggest takeaways from Nvidia's Q3 earnings — from the AI bubble to new Saudi partnerships
Nvidia's third-quarter earnings beat expectations and alleviated concerns about the AI bubble.Evelyn Hockstein/ReutersNvidia's Q3 earnings beat expectations, driven by strong data center and AI demand.New partnerships with OpenAI, Uber, and xAI underscore Nvidia's leadership in AI.Export restrictions on China and rising competition remain concerns for Nvidia's growth.Nvidia's blockbuster earnings just brought relief to Wall Street.On Wednesday, …
Nvidia earnings clear lofty hurdle set by analysts amid fears about AI bubble
SAN FRANCISCO — Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company. The results announced late Wednesday provided a pulse check on the frenzied spending on AI technology that has been fueling both the stock market and much of t…
The net profit for the quarter closed at the end of October jumped by 65% over a year, to $31.9 billion, according to a press release published on Wednesday, a figure hailed at Wall Street, where the group's share was up by almost 4% in post-cash electronic exchanges.
Nvidia Earnings Clear Lofty Hurdle
Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier. The results may ease recent jitters about a Big Tech boom turning into a bust that topples the world's most valuable company, the AP reports. The...
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