Nvidia’s Record $57b Revenue And Upbeat Forecast Quiets Ai Bubble Talk

Nvidia laminitis and CEO Jensen Huang struck a bullish reside successful nan company’s third-quarter earnings. And based connected nan company’s results, location whitethorn beryllium a logic to.

Nvidia reported gross of $57 cardinal during its fiscal 3rd quarter, 62% higher compared to nan aforesaid 4th past year. The company’s nett income connected a GAAP ground was $32 billion, 65% higher year-over-year. Both gross and profit results hit Wall Street expectations.

The gross image shows a institution booming acknowledgment mostly to its information halfway business.

Revenue generated by Nvidia’s information halfway business was a grounds $51.2 billion, up 25% from nan erstwhile 4th and up 66% from a twelvemonth ago.

Nvidia’s main financial serviceman Colette Kress noted successful a connection to shareholders its information halfway business has been fueled by an acceleration of computing, powerful AI models, and agentic applications. During nan company’s net call, Kress said location was an aggregate waste of 5 cardinal GPUs.

“This request spans each market, CSPs, sovereigns, modern builders enterprises and ace computing centers, and includes aggregate landmark build outs,” Kress said.

Blackwell Ultra, a GPU unveiled successful March and disposable successful respective configurations, has been peculiarly beardown and is now nan leader wrong nan company. Previous versions of nan Blackwell architecture besides saw continued beardown demand, according to nan company.

Huang said income of its Blackwell GPU chips “are disconnected nan charts.”

“Blackwell income are disconnected nan charts, and unreality GPUs are sold out,” Huang said successful nan company’s Q3 net statement. “Compute request keeps accelerating and compounding crossed training and conclusion — each increasing exponentially. We’ve entered nan virtuous rhythm of AI. The AI ecosystem is scaling accelerated — pinch much caller instauration exemplary makers, much AI startups, crossed much industries, and successful much countries. AI is going everywhere, doing everything, each astatine once.”

Importantly, Nvidia is forecasting much maturation pinch a projected gross of $65 cardinal successful nan 4th quarter, helping push its stock value up much than 4% successful after-hours trading.

The upshot, astatine slightest successful Huang’s view: Forget astir nan bubble, location is only growth.