Nvidia Shares Rise 4% as Chipmaker Delivers Blowout Quarter and Strong Guidance

Core Viewpoint - Nvidia raised its outlook for the current quarter following fiscal third-quarter results that exceeded Wall Street expectations, driven by strong demand for its Blackwell-generation processors amid the global AI race [1][2] Financial Performance - For the quarter ended October 26, Nvidia reported adjusted earnings per share of $1.30, up from $0.78 a year earlier [2] - Revenue surged 62% year over year to $57.01 billion, surpassing analyst expectations of $54.8 billion [2] - The data center division, which includes Blackwell AI chips and previous-generation Hopper chips, generated $51.22 billion in revenue, a 66% increase from a year ago and above the $49.09 billion consensus [2] Market Reaction - Investors reacted positively to the earnings report and the earnings call, with Nvidia shares rising more than 4% intra-day on Thursday [1]