Nvidia crushes expectations, reporting a 94% increase in revenue as AI demand booms
Briefly

Nvidia's third quarter results exceeded expectations, with revenues soaring to $35.1 billion, up 94% year-over-year, reaffirming its dominant position amidst the AI boom.
Alonso Munoz stated, "Explosive earnings again," reflecting the market's optimism about Nvidia's continued growth and its significant profits of $19.3 billion this quarter.
Nvidia's data center business, accounting for $30.8 billion in revenue, surpassed analyst expectations, indicating robust demand for AI-related components.
Despite trepidation leading up to the earnings call, Nvidia's performance proves its resilience, though investors are cautious about whether growth can be maintained.
Read at Fortune
[
|
]