""Nvidia posted $57 billion in revenue on Wednesday, topping analysts' $55 billion estimates.""
""Fears of an AI bubble are way overstated," one analyst said."
""This is another validation point for the AI revolution," Ives wrote. "We are in the top of the third inning of this AI game.""
Nvidia reported $57 billion in third-quarter revenue, beating the $55 billion consensus. Data-center revenue reached $51 billion versus a $49.31 billion projection, and EPS came in at $1.30 compared with $1.26 expected. Management guided to $65 billion for the fourth quarter, above the $61.98 billion forecast. Nvidia shares rose roughly 3–4.5% in after-hours trading. Analysts described the results as validation of the AI revolution, called worries of an AI bubble overstated, and pointed to large-scale cloud capex and ongoing data-center scaling as drivers of sustained AI infrastructure growth.
Read at Business Insider
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