Nvidia's Q3 earnings exceeded expectations, with revenue reaching $57 billion, a 62% year-over-year increase.

Nvidia (NVDA.O) just released its Q3 financial results, with sales of its chips, a core component of the AI boom, exceeding Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed revenue of $57 billion, a 62% year-over-year increase, with data center revenue reaching $51.2 billion, higher than the expected $49 billion. Furthermore, its Q4 revenue outlook is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jensen Huang stated, "Blackwell sales are phenomenal, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.