Nvidia Reports Record Growth, Dominates AI Chip Market
The tech giant's Q3 revenue surged 94% year-over-year, driven by soaring demand for its AI GPUs, while new product launches signal continued momentum.
- Nvidia posted $35.1 billion in Q3 revenue, a 94% increase compared to last year, with data center sales contributing $30.8 billion and growing 112%.
- The company holds an 80% market share in AI chips, with its GPUs being integral to major tech firms like Microsoft, Amazon, and Meta for AI infrastructure expansion.
- Nvidia's new Blackwell GPUs, which promise a 30-fold performance improvement over previous models, are in high demand, though supply constraints persist.
- Despite a 181% stock surge this year, analysts note slowing revenue growth rates and potential near-term volatility as Nvidia navigates its rapid expansion.
- CEO Jensen Huang emphasized the scalability of AI investments, projecting strong future demand as customers increasingly rely on Nvidia's cutting-edge technology.
Benzinga 
Investor's Business Daily 
The Street 