Overview
- Nvidia posted fiscal Q3 revenue of $57 billion with adjusted EPS of $1.30 and guided Q4 revenue to about $65 billion, topping Wall Street forecasts.
- Data center revenue reached $51.2 billion, with management saying Blackwell and cloud GPUs are sold out across major hyperscalers.
- Despite the beat-and-raise, shares reversed an initial pop and closed below the prior day, rekindling valuation worries across AI chips.
- Analysts raised targets after the report, with the FactSet average at $250, Evercore ISI’s Mark Lipacis at $352, Truist at $255, and UBS at $235.
- Nvidia now carries heavy weights in QQQ (about 10%) and S&P 500 trackers (about 8%) and sits in more than 673 ETFs, heightening passive investor exposure.