Nvidia's third-quarter revenue surged 94% to over $35 billion, and adjusted earnings more than doubled, showcasing the company's strong growth despite a tempered forecast.
While Nvidia's revenue beat analyst estimates at $37.5 billion for the next quarter, traders reacted negatively due to outlooks that fell short of some analysts' projections.
Jensen Huang, Nvidia's CEO, stated, 'The age of AI is in full steam, propelling a global shift to NVIDIA computing,' highlighting the essential role of AI in the company’s growth.
Despite a small decline in stock immediately following earnings, Nvidia's stock has still risen nearly 203% this year, reflecting its significant market presence.
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