Nvidia (NVDA) reported third-quarter earnings after the bell, beating analyst expectations with sales of high-powered AI chips driving growth. The company’s CEO Jensen Huang called it the “age of AI,” citing strong demand for its Hopper and Blackwell chips.
The chip giant’s Data Center business brought in $30.8 billion in revenue, surpassing analysts’ forecasts of $29 billion. Gaming revenue increased to $3.3 billion, up from $2.8 billion last year.
Nvidia now anticipates fourth-quarter revenue of $37.5 billion, plus or minus 2%, beating Wall Street expectations. The company’s stock price saw a volatile morning after the earnings release, before settling near its intraday record.
Huang expressed confidence in Nvidia’s prospects, saying demand for AI computing is propelling a global shift to the company’s technology. CFO Colette Kress also provided guidance on the availability of the next-generation Blackwell chip, assuring investors that it will begin shipping in the current quarter and ramp into 2026.
Shares of Nvidia have surged 192% year-to-date, outpacing its chipmaker rivals AMD and Intel. However, the company faces an uncertain future due to US President Donald Trump’s potential tariffs on international products.
Source: https://finance.yahoo.com/news/nvidia-stock-seesaws-following-earnings-beat-strong-outlook-as-age-of-ai-is-in-full-steam-143820941.html