"Yesterday, Nvidia reported Q3 results that beat expectations. This includes revenue of $57.01 billion and an adjusted earnings per share (EPS) of $1.30. As noted by CNBC, LSEG analysts had expected Nvidia to post $54.92 billion in revenue and an adjusted EPS of $1.25. But it wasn't just these all-important beats that investors are celebrating. Nvidia also said it expects revenue in its current Q4 to reach around $65 billion."
""There's been a lot of talk about an AI bubble," Huang said. "But from our vantage point, we're seeing something very different." He went on to detail three broad technological transitions, which he says are driving the AI industry. As a result of the good news, Nvidia shares are jumping in premarket trading this morning, as of the time of this writing. Currently, NVDA shares are up nearly 5% to almost $196 per share. Yesterday, NVDA shares closed up 2.85% to 186.52."
Nvidia posted Q3 revenue of $57.01 billion and adjusted EPS of $1.30, surpassing LSEG analyst estimates of $54.92 billion and $1.25. The company forecast roughly $65 billion for the current Q4, above the approximately $62 billion analysts expected. CEO Jensen Huang addressed concerns about an AI bubble and described three broad technological transitions driving the AI industry. Nvidia shares climbed in premarket trading, rising nearly 5% to about $196 per share after a prior close of $186.52. Shares had fallen 3.76% over the previous five days amid rising bubble fears.
Read at Fast Company
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