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Nvidia’s third-quarter revenue reached $57 billion, surpassing Wall Street expectations with a 62% year-over-year increase. The data center segment drove record revenue of $51.2 billion, highlighting strong demand for AI infrastructure. CFO Colette Kress attributed growth to accelerated computing and AI model adoption, noting 5 million GPUs deployed in AI projects. Blackwell Ultra GPUs led sales, with Huang calling demand ‘off the charts’ and signaling an AI-driven virtuous cycle. Nvidia forecasts $6,5 billion in Q4 revenue, boosting its stock price despite challenges in China’s market.
Key facts
- Nvidia’s Q3 revenue hit $57 billion, a 62% rise from the previous year.
- Data center revenue reached $51.2 billion, up 66% year-over-year.
- The company deployed 5 million GPUs across AI factory and infrastructure projects.
- Blackwell Ultra GPUs dominated sales, with cloud GPUs reporting shortages.
- Nvidia projects $65 billion in Q4 revenue, driving a 4% stock price surge.
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#AI #AI bubble #AI startups #Blackwell #China #Cloud Computing #computing #data center #earnings #enterprise tech #Financials #GPU #H20 #market growth #Nvidia #revenue #Semiconductor #sovereign buyers #Stock Market #tech #Tech Industry
