Overview
- Fiscal Q3 revenue hit $57.01 billion with about $31.9 billion in net income, and Nvidia guided roughly $65 billion for Q4 with an adjusted gross margin target near 75%.
- An early rally faded into losses as Nvidia and chip peers reversed intraday, reflecting investor unease over stretched valuations and the payoff from massive AI capex.
- Jensen Huang dismissed talk of an AI bubble, calling demand "off the charts" with cloud GPUs sold out and reiterating company visibility into substantial orders through next year.
- Data‑center sales reached $51.2 billion, while Nvidia cited industry‑wide AI infrastructure spending that could reach trillions annually by decade‑end as a company projection.
- Risks stayed in focus, including revenue concentration with four customers at about 61%, U.S. curbs on China sales, fresh approval to ship up to 35,000 Blackwell chips to Saudi Arabia and the UAE, and bottlenecks in capacity, memory and power.