Overview
- The chipmaker reported Q3 revenue of $57 billion, up 62% year over year, with net income rising 65% to $31.9 billion and earnings per share of $1.30 beating forecasts.
- Management guided to about $65 billion in fourth‑quarter sales and said demand for Blackwell data‑center GPUs is extraordinary, with cloud inventory effectively sold out.
- Shares jumped after hours and helped spark rallies from Asia to Europe before gains partly faded in choppy sessions, leaving markets sensitive to interest‑rate signals and labor data.
- Nvidia’s expansion continued despite a near‑collapse in China sales, as CFO Colette Kress called H20 revenue “insignificant” and noted export arrangements remain under discussion.
- Analysts flagged risks from rich valuations, customer moves to build in‑house chips, data‑center power and land constraints, and “circular” financing such as Nvidia’s planned OpenAI investment that could inflate demand.