Nvidia Surpasses Earnings Expectations as Investors Focus on Blackwell AI Chip Demand
Nvidia reported a significant increase in profits and sales for the third quarter, driven primarily by strong demand for its specialized computer chips used in artificial intelligence (AI) systems. In the three months ending October 27, the California-based tech giant generated $35.08 billion in revenue, a 94% year-over-year increase. Nvidia's profit for the quarter reached $19.31 billion, more than double the $9.24 billion from the same period last year. Despite Wall Street analysts expecting adjusted earnings per share of 75 cents and revenue of $33.17 billion, Nvidia's performance exceeded expectations.
Ranking
