Deep Flow Tech news, on November 20, Nvidia ( NVDA.O ) has just announced its Q3 fiscal performance, with chip sales at the core of the artificial intelligence boom growing faster than Wall Street expectations. The company also provided a strong revenue forecast for the quarter, which reassured investors that the AI investment frenzy will continue. Its Q3 financial report shows that the company's revenue for the third quarter was $57 billion, a 62% year-on-year rise, with data center revenue at $51.2 billion, exceeding the expected $49 billion. Furthermore, its revenue outlook for the fourth quarter is about $65 billion, far above the analysts' average estimate of $61.6 billion. After the financial report was released, Nvidia ( NVDA.O ) saw its stock price rise by over 4% in after-hours trading. Nvidia CEO Jen-Hsun Huang stated: “Blackwell's sales are off the charts, and cloud GPUs are completely sold out.” Previously, Huang had downplayed concerns about an AI bubble. (Jin10)
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