NVIDIA Q3 earnings report
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Nvidia, AI boom and Fueling
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Nvidia's strong earnings report reassured investors about the strength of the artificial-intelligence trade, sending other AI names higher in aftermarket trading. Shares of CoreWeave, a major Nvidia customer and partner,
Nvidia's earnings report after the bell on Nov. 19 showed record revenue of $57 billion, which is up 62% from last year and 22% on a sequential basis. Most of that revenue comes from Nvidia's data center sales, which recorded $51.2 billion in revenue – up 66% from last year.
Asian shares have surged after Nvidia reported stronger than expected quarterly earnings, soothing worries that AI-driven stock prices may have shot too high.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
One market expert thought Nvidia's earnings would "offer some much-needed respite" in light of mixed Federal Reserve commentary that soured the market prior to the report. "Clearly, the market’s heavyweight is showing no sign of depressed demand,
Asian shares have retreated in cautious trading Wednesday ahead of an earnings report from Nvidia that is seen as a bellwether for the recent craze for artificial intelligence technology.Japan's benchmark Nikkei 225 slipped 0.
NVIDIA announced a record third-quarter revenue of $57.0 billion, a 62% increase year-over-year, driven by soaring demand for its Blackwell GPUs and cloud services. CEO Jensen Huang highlighted the accelerating compute demand and the expanding AI ecosystem,
Although AI and data centers are the star of the show, NVIDIA's gaming revenue saw a jump in the latest quarter.