Core Insights - Nvidia's Q3 revenue reached $57 billion, exceeding Wall Street's expectation of $55.4 billion, with Q4 revenue guidance set at $65 billion, above the market estimate of $62.4 billion [1] - Goldman Sachs maintains a "Buy" rating on Nvidia, raising the 12-month price target from $240 to $250, citing strategic significance in management's responses to key questions during the earnings call [1][2] - Nvidia's management confirmed expectations for data center product demand exceeding $500 billion for FY 2025/26, with the next-generation Rubin chip expected to launch in mid-2026 [5] Financial Performance - Nvidia's data center computing business generated $51.2 billion in Q3, a 56% year-over-year increase, with the new Blackwell Ultra (GB300) series accounting for two-thirds of total shipments [6] - The data center networking business saw a remarkable 162% growth to $8.2 billion, driven by strong demand for NVLink, Spectrum-X, and Infiniband solutions [6] - Nvidia's gross margin is expected to rebound to 75% in Q4, with a long-term target of maintaining around 70% gross margin by 2026 despite rising component costs [1][6] Future Outlook - Goldman Sachs raised Nvidia's EPS forecast by an average of 12% for the coming years, with projections for FY 2028, FY 2029, and FY 2030 at $15.60, $18.65, and $22.10 respectively [2] - Nvidia anticipates the global annual spending on AI infrastructure to reach $3-4 trillion by 2030, aiming to capture a significant share of this market [6]