Nvidia (NVDA) reported an earnings beat as well as a strong fourth quarter outlook after the close of U.S. markets on Wednesday.
The chipmaker beat Wall Street’s expectations for the third quarter, reporting revenue of $57.01 billion — a 62% jump from a year earlier — as the AI investment boom continues to fuel demand for its chips.
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“Blackwell sales are off the charts, and cloud GPUs are sold out,” said CEO Jensen Huang. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially.”
Shares of the company were higher by 4% in after hours trading at press time.
Data center revenue — arguably the biggest source of income for the firm — landed at $51.2
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