Nvidia(US:NVDA) 第一财经·2025-11-19 23:59Core Viewpoint - NVIDIA's Q3 earnings report exceeded Wall Street expectations, indicating strong demand for its AI chips and a robust outlook for the tech industry amidst concerns about an AI bubble [3][4]. Financial Performance - Q3 revenue reached $57.01 billion, surpassing the expected $55.09 billion, with a net profit of $31.91 billion, a 65% increase from $19.31 billion in the same period last year [3][4]. - Adjusted earnings per share (EPS) were $1.30, slightly above the expected $1.28 [3][5]. - The company anticipates Q4 revenue to be around $65 billion, exceeding analyst expectations of $61.66 billion [6]. Business Segments - Data center revenue was the primary source of income, totaling $51.2 billion, a 66% year-over-year increase, with GPU products contributing $43 billion [4][5]. - Gaming revenue reached $4.3 billion, reflecting a 30% growth [4]. - The automotive and robotics segment generated $592 million, up 32% year-over-year [4]. Market Position and Outlook - NVIDIA's GPUs are in high demand, with the latest Blackwell series chips selling exceptionally well, leading to sold-out cloud GPUs [5][6]. - The company is viewed as a key player in the AI sector, with major clients including Microsoft, Amazon, Google, and Oracle [5]. - Following the earnings report, concerns about an AI bubble have eased, positively impacting semiconductor ETFs and related stocks [6].