Nvidia, the world’s most valuable chipmaker, reported record fiscal Q3 revenue of $57 billion, up 62% year-over-year, with net income rising 65% to $32 billion TechCrunch. The company’s data center business alone contributed $51.2 billion, reflecting explosive demand for AI infrastructure TechCrunch.
Looking ahead, Nvidia forecast Q4 sales of $65 billion (±2%), well above Wall Street’s estimate of $61.7 billion CNA. This upbeat guidance sent shares up 5% in extended trading, adding roughly $220 billion in market value CNA The Economic Times.
CEO Jensen Huang dismissed concerns about an AI bubble, emphasizing that Nvidia’s chips are embedded across every major cloud provider and AI application:
“We’re in every cloud. The reason why developers love us is because we’re literally everywhere… One architecture. Things just work.” South China Morning Post
The company also highlighted unprecedented demand for its Blackwell AI chips, which Huang described as “off the charts” Yahoo Finance.
Market Context
Investor jitters: Nvidia’s stock had fallen nearly 8% in November amid fears the AI boom was unsustainable The Economic Times.
Rebound: The strong forecast reassured markets, though analysts caution that bubble concerns could resurface if growth slows.
Broader earnings season: Nvidia’s results come as 92% of S&P 500 companies reported Q3 earnings growth of 13.1%, marking the fourth straight quarter of double-digit gains Yahoo Finance.
