Nvidia stock soars after Q3 earnings, forecasts top estimates with sales for AI chips 'off the charts'

Nvidia (NVDA) stock jumped after the chipmaker reported its third quarter earnings on Wednesday, beating analysts' estimates on the top and bottom lines and offering a better-than-anticipated outlook. For the fourth quarter, Nvidia projects revenue of $65 billion plus or minus 2%. Wall Street was expecting revenue of $62 billion. “Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in a statement. “We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fa ...