NVIDIA Q3 Earnings Report: The company's revenue for the third quarter was $57 billion, a year-on-year increase of 62%

NVIDIA (NVDA.O) has just announced its Q3 fiscal results, with chip sales at the core of the artificial intelligence boom growing faster than Wall Street expectations. The company also provided a strong revenue forecast for the quarter, convincing investors that the AI investment frenzy will continue.

The Q3 financial report shows that the company's revenue for the third quarter was $57 billion, a year-on-year increase of 62%. Among this, data center revenue was $51.2 billion, exceeding the expected $49 billion. Additionally, its revenue outlook for the fourth quarter is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion.

After the earnings report was released, NVIDIA (NVDA.O) shares rose over 4% in after-hours trading. NVIDIA CEO Jensen Huang stated, "The sales of Blackwell are off the charts, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble. (Jin Shi)