黄仁勋：卖光了！

Core Viewpoint - Recent discussions in the market have centered around the potential bursting of the AI bubble, particularly following news of significant stock reductions by major investors like Bridgewater and Peter Thiel's complete divestment from Nvidia. Nvidia's latest quarterly earnings report is seen as a key indicator of actual AI demand [2]. Group 1: Nvidia's Financial Performance - Nvidia reported revenue of $57 billion for Q3 of fiscal year 2026, marking a 62% year-over-year increase and surpassing market expectations [2]. - The company's net profit reached $31.9 billion, up 65% year-over-year, with a GAAP gross margin of 73.4% [2]. - Data center revenue hit a record $51.2 billion, reflecting a 66% year-over-year growth and exceeding market forecasts [2][3]. Group 2: Business Segments and Collaborations - Nvidia's network business revenue was $8.2 billion, a significant increase of 162% year-over-year [3]. - The gaming and AI PC segment generated $4.3 billion, up 30% year-over-year, while professional visualization revenue was $760 million, increasing by 56% [3]. - Nvidia has established strategic partnerships with OpenAI, Google, Microsoft, Oracle, and xAI, planning to deploy at least 10 gigawatts of Nvidia systems in the U.S. [3]. Group 3: Future Outlook and Market Position - Nvidia anticipates fourth-quarter revenue of approximately $65 billion, which exceeds previous market expectations [3]. - CEO Jensen Huang expressed confidence in sustained AI demand, noting that Nvidia's products are uniquely suited for all stages of AI development [3][4]. - Nvidia is involved in three major platform shifts: transitioning from CPU to GPU computing, the transformation of applications through AI, and the rise of agentic AI [4]. Group 4: Infrastructure and Supply Chain Management - Nvidia's CFO Colette Kress indicated that revenue from Blackwell and Rubin platforms is expected to reach $500 billion by the end of next year, with significant opportunities ahead [5]. - The company is driving a $100 billion infrastructure investment, with Blackwell contributing two-thirds of the revenue in the data center segment [5][6]. - Huang mentioned that Nvidia has planned with suppliers to meet future demand for cloud GPUs, despite challenges in power, memory supply, and manufacturing [5]. Group 5: Stock Performance - Nvidia's stock rose by 2.85% to $186.52 per share, with a market capitalization of $4.53 trillion, and increased by over 5% in after-hours trading [7].