Overview
- The chipmaker posted $57 billion in third-quarter revenue and $31.9 billion in profit, with data-center sales reaching $51.2 billion.
- Nvidia guided roughly $65 billion for the fourth quarter (±2%), sending its shares higher after hours and boosting other major tech stocks.
- CEO Jensen Huang said Blackwell demand is "off the charts," cloud GPUs are sold out, and bookings total about $500 billion through 2026.
- Customer concentration and financing drew scrutiny as four buyers accounted for 61% of sales and chip rental contracts rose to $26 billion, fueling concerns about sustainability and physical bottlenecks.
- Geopolitical constraints remained a factor as U.S. curbs limited China sales while officials authorized exports of up to 35,000 Blackwell chips to buyers in Saudi Arabia and the UAE.