Nvidia(US:NVDA) Hua Xia Shi Bao·2025-11-21 04:10Core Viewpoint - Nvidia's recent financial report indicates a significant recovery in revenue and net profit growth, driven primarily by strong demand in the data center business, despite challenges in the Chinese market [3][4]. Financial Performance - For the third quarter of fiscal year 2026, Nvidia reported revenue of $57 billion, a 22% increase from the previous quarter and a 62% increase year-over-year; net profit reached $31.9 billion, up 65% year-over-year and 21% quarter-over-quarter [4]. - The revenue growth rate had previously slowed down, but this quarter marks the first simultaneous increase in both revenue and net profit after several quarters of decline [4]. - The data center segment remains the primary revenue driver, generating $51.215 billion, a 66% increase year-over-year; gaming revenue was $4.265 billion, up 30%; professional visualization revenue was $760 million, up 56%; and automotive revenue was $592 million, up 32% [5]. Market Dynamics - Nvidia's CEO Jensen Huang dismissed concerns about an "AI bubble," asserting that the company is well-prepared to succeed in all stages of AI development [6][7]. - The demand for Nvidia's Blackwell architecture GPUs has exceeded expectations, contributing significantly to revenue growth [5][7]. - Despite Nvidia's strong performance, major stakeholders, including SoftBank and Huang himself, have sold off significant shares, raising concerns about potential market bubbles [6][7]. Strategic Investments - Nvidia continues to invest strategically in companies like Intel, OpenAI, and Nokia to expand its AI ecosystem and ensure optimal performance across its product range [8]. - The company aims to maintain a robust cash flow management approach while pursuing these investments [8]. Challenges in the Chinese Market - Nvidia's market share in China has plummeted from 95% to 0% for high-end AI chips due to U.S. export controls, leading to a complete withdrawal from the Chinese market [10]. - The company expressed disappointment over missed large purchase orders in China due to geopolitical issues and increased competition [10]. - Nvidia's absence in the Chinese market has created opportunities for local AI chip manufacturers, such as Cambrian, which reported a 1332.52% year-over-year revenue increase [11].