Lates News

NVIDIA (NVDA.O) has just announced its performance for the third quarter of its fiscal year. The sales growth of its core chips in the artificial intelligence boom exceeded Wall Street's expectations. At the same time, the company provided a strong revenue forecast for the current quarter, which has led investors to believe that the frenzy of artificial intelligence investment will continue. The company's Q3 financial report shows that its revenue for the third quarter was $57 billion, a 62% year-on-year increase. Data center revenue was $51.2 billion, higher than the expected $49 billion. In addition, its revenue outlook for the fourth quarter is about $65 billion, well above the analysts' average estimate of $61.6 billion. After the financial report was released, NVIDIA (NVDA.O) stock price rose more than 4% in after-hours trading. NVIDIA CEO Jensen Huang said, "Blackwell's sales exceeded expectations and all cloud GPUs are sold out." Previously, Huang had downplayed concerns about the artificial intelligence bubble.