Why Did Nvidia Stock Soar Today?

Core Insights - Nvidia has successfully alleviated concerns regarding a slowdown in AI infrastructure spending with a strong earnings report, leading to a positive market reaction with shares rising over 5% [1][3][5] Financial Performance - Nvidia's fiscal third-quarter revenue increased by 62% year-over-year and 22% sequentially from the second quarter, with expectations for a 65% revenue growth in the fourth quarter [3][4][7] - Data center sales were a significant contributor, with CEO Jensen Huang noting record sales and sold-out cloud GPUs [4][7] - Gaming sales, Nvidia's second-largest segment, grew by 30% year-over-year, while professional visualization sales surged by 26.5% sequentially [4] Market Outlook - Huang emphasized the rapid scaling of the AI ecosystem, indicating a "virtuous cycle of AI" with increasing foundation model makers and AI startups across various industries and countries [5]