Lates News

Sinocorp released a report stating that NVIDIA's revenue for the third quarter of the 2026 fiscal year was $57 billion, a year-on-year increase of 62%; non-GAAP gross margin was 73.6%, a year-on-year decrease of 1.4%; net profit was $31.8 billion, a year-on-year increase of 59%. The performance exceeded market expectations, in line with the bank's expectations. The bank believes that the strong demand for Blackwell products and the smooth shipment of the GB300 series products are the reasons for this. Due to the continued enhancement of its leading position in the market competition, Sinocorp raised its revenue forecast for the 2026 fiscal year by 3% to $213.6 billion and essentially maintained its non-GAAP net profit forecast. It also raised its revenue and non-GAAP net profit forecasts for the 2027 fiscal year by 16% and 13% to $341.5 billion and $191.1 billion respectively, and maintained an outperform industry rating with a 14% increase in the target price to $228.