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Nvidia’s highly anticipated Q3 results are finally out. Investors had been waiting with bated breath, since the company’s performance is seen as a bellwether for the entire industry and a key indicator of whether the AI boom is edging toward a bubble.
By the numbers:
Revenue: up 62% YoY at $57 billion
Net profit: up 65% YoY to $31.91 billion
The reason: the surge was largely powered by the company’s data centre division, followed by strong demand for its gaming PC chips. Nvidia also revealed that its Blackwell chips and cloud GPUs are already sold out. Sales in professional visualisation solutions climbed as well. On top of that, a wave of mega AI deals further bolstered the numbers.
Looking ahead: computing needs are expected to soar as both training and running AI models will become routine across industries. And at every step of this AI wave, chips remain essential. Expectations for Q4 have also strengthened on the back of this momentum.
