Core Insights - NVIDIA Corporation (NVDA) is significantly outperforming competitors Advanced Micro Devices, Inc. (AMD) and Intel Corporation (INTC), driven by strong demand for its Blackwell chips and cloud services [1][8] Financial Performance - NVIDIA reported fiscal Q3 2026 revenues of $57 billion, a 62% year-over-year increase and a 22% rise from the previous quarter [1] - Data center segment revenues reached $51.2 billion, up 66% year-over-year and 25% quarter-over-quarter, while gaming revenues were $4.3 billion, reflecting a 1% decline from the previous quarter but a 30% increase year-over-year [2] - Net income for the quarter rose to $31.91 billion, compared to $19.31 billion in the same period last year [3] Future Outlook - NVIDIA anticipates Q4 2026 revenues to be around $65 billion, with a margin of plus or minus 2%, indicating strong growth potential [4] - The company emphasizes its leadership in AI hardware and the competitive advantage provided by its CUDA software platform [4] Market Sentiment - CEO Jensen Huang reassured investors about the sustainability of the AI boom, stating that the AI ecosystem is rapidly expanding across various industries and countries [5] - NVIDIA has returned $37 billion to shareholders through buybacks and dividends since the start of fiscal 2026, reflecting financial strength [6] Investment Potential - Following the record Q3 results, NVIDIA's growth outlook and shareholder returns make the stock attractive, with brokers forecasting an average short-term price target of $239.49, a 28.4% increase from the last closing price of $186.52 [7] - The highest target is set at $350, suggesting a potential upside of 87.7% [7] - NVIDIA's price-to-earnings (P/E) ratio stands at 40.33, which is more affordable compared to the Semiconductor - General industry's forward earnings multiple of 45.92 [10]