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In summary
- Nvidia reported record revenue of $35.08 billion, driven by demand for AI chips.
- Shares fell 2% after the close, despite beating earnings expectations.
- Nvidia projected revenue of $37.5 billion for the next quarter, an increase of 7%.
Nvidia Corp (NVDA) reported record revenue and profit in the third quarter of fiscal 2025, beating Wall Street expectations thanks to growing demand for artificial intelligence chips.
Despite the strong performance, shares fell more than 2% in after-hours trading, reflecting investor caution over valuation and dovish guidance.
The chipmaker posted revenue of $35.08 billion for the quarter ended Oct. 27, up 94% year-over-year and beating analysts’ consensus estimate of $33.28 billion.
Nvidia’s adjusted earnings per share were $0.81, beating consensus estimates of $0.75 per share. Revenue from the Data Center segment, Nvidia’s key growth driver, hit a record $30.8 billion, up 112% from the same period last year.
Nvidia founder and CEO Jensen Huang called the quarter a reflection of “AI at full power” as enterprises adopt Nvidia’s Hopper GPUs and anticipate the launch of its next-generation Blackwell platform.
The tech giant has been on the rise this year following an explosion of investor interest in AI-related companies and businesses. This has helped propel the Nasdaq to record heights amid prospects of a return to cheaper borrowing if the US Federal Reserve continues to cut its benchmark rate.
Despite the strong results, Nvidia shares fell 0.76% during regular trading and were down another 2.39% in after-hours trading, closing at $142.40.
Analysts attributed the drop to profit-taking after Nvidia’s year-long rally, along with cautious reactions to the company’s fourth-quarter guidance.
Nvidia expects revenue of $37.5 billion for the next quarter, which represents a 7% sequential increase and is in line with analyst forecasts.
Nvidia’s gaming segment also saw steady growth, reporting $3.3 billion in revenue, following an increase of 14% sequentially and 15% year-over-year. However, smaller segments such as Automotive and Professional Display, although growing, contributed modestly to the total revenue.
While the results underscore Nvidia’s dominance in the AI and accelerated computing space, concerns about the company’s rising valuation and supply constraints for its GPUs could weigh on the stock in the near term.
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