"Nvidia's blockbuster earnings just brought relief to Wall Street. On Wednesday, the chip giant reported $57 billion in revenue for the quarter and delivered another blowout performance from its data center division, which brought in $51 billion, surpassing the $49.3 billion analysts projected. Nvidia also lifted its fourth-quarter guidance to expect $65 billion in sales. The optimistic outlook reinvigorated AI and semiconductor stocks after several rocky days."
""There's been a lot of talk about an AI bubble," he said as he kicked off his earnings address. "From our vantage point, we see something very different." "As a reminder, Nvidia is unlike any other accelerator," Huang added. "We excel at every phase of AI, from pre-training and post-training to inference." Huang added that the transition from using CPUs to GPUs, AI's ability to generate revenue through ads,"
Nvidia reported $57 billion in quarterly revenue and a dominant data center result of $51 billion, exceeding analyst expectations. The company raised fourth-quarter guidance to $65 billion in sales. Strong AI demand and new partnerships with OpenAI, Anthropic, Uber, and xAI reinforce Nvidia's leadership across AI model training and inference. CEO Jensen Huang emphasized full-stack GPU capabilities and cited the shift from CPUs to GPUs alongside revenue potential from AI-driven advertising and agentic systems. Markets reacted positively with Nvidia and other chipmakers rallying, while export restrictions on China and rising competition remain material risks.
Read at Business Insider
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