Nvidia reports Q3 revenue of $35.08B, beats forecasts, driven by AI and data center growth.

Nvidia reported third-quarter revenue of $35.08 billion, surpassing estimates, with earnings per share at 81 cents, also exceeding forecasts. The data center segment was a standout, reaching $30.8 billion, a 112% year-over-year increase. Nvidia expects fourth-quarter revenue of $37.5 billion, driven by robust demand for AI chips like the upcoming Blackwell, set to ship in the next fiscal year. The company's stock has nearly tripled since the start of 2024, reflecting strong investor confidence in its AI capabilities.

November 20, 2024
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