NVIDIA, Earnings Attest
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Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
Nvidia said Wednesday that third-quarter revenue grew to a record $57 billion, marking a 62 percent year-over-year increase that was largely driven by sales of the company’s Blackwell and Blackwell Ultra GPU platforms.
Nvidia, the AI chipmaker led by Jensen Huang, is on track to crack the top 10 of the Fortune 500 rankings of the biggest companies by revenue.
According to commentary from Nvidia CFO Colette Kress, the company's Blackwell Ultra graphics processing units, or B300s, are now the company's "leading architecture across all customer categories." Meanwhile,
NVIDIA is making a habit of posting record earnings each quarter, and that trend continued into Q3 with the company reporting $57 billion in revenue.
Nvidia Corporation stock surges on strong Q3 results and raised guidance. Click for my updated look at NVDA stock post earnings and why I remain bullish.
Nvidia sees clear visibility to US$500 billion in revenue from its Blackwell and Rubin platforms through the end of 2026, with AI infrastructure demand continuing to outstrip supply as clouds remain sold out and the company's entire GPU fleet—spanning Blackwell,
Stock futures jumped following Nvidia's strong earnings report in a rebound from a four-day losing streak following Nvidia's earnings beat.