Nvidia(US:NVDA) Fox Businessยท2025-11-20 03:51Core Insights - Nvidia is experiencing significant growth driven by the artificial intelligence boom, with CEO Jensen Huang describing the upcoming fourth quarter as "crazy good" following stronger-than-expected third-quarter earnings [1][6]. - The company anticipates a substantial increase in sales for the next quarter, projecting fiscal fourth-quarter sales of $65 billion, exceeding analysts' expectations of $61.66 billion [13]. Financial Performance - Nvidia's third-quarter sales rose by 62%, marking the first acceleration in seven quarters, with data-center segment sales reaching $51.2 billion, surpassing the expected $48.62 billion [15]. - The company forecasts an adjusted gross margin of 75% for the upcoming quarter and aims to maintain gross margins in the mid-70% range during fiscal 2027 [14]. Market Position - Nvidia is viewed as a leader in the AI sector, with a significant presence in various cloud services and a reported $500 billion in bookings for advanced chips through 2026 [8]. - The company's stock has seen a 35% increase this year, outperforming the S&P 500's 13% rise, and shares jumped 5% in extended trading, adding $220 billion in market value [9][18]. Industry Impact - Nvidia's growth has positively influenced shares of competitors like AMD and major tech companies such as Alphabet and Microsoft [15]. - The company is heavily represented in approximately 673 ETFs, making it a critical component of the S&P 500 index, which requires funds tracking it to mirror Nvidia's performance [16].