Nvidia CEO Dismisses AI Bubble Concerns After Stellar Q3 Performance
Nvidia's third-quarter earnings shattered expectations, with adjusted earnings reaching $1.30 per share against a projected $1.26. Revenue surged 62% year-over-year to $57 billion, surpassing the $54.9 billion consensus. The data center segment led the charge, posting $51.2 billion in sales—a 66% annual increase.
CEO Jensen Huang pushed back against bubble speculation during the earnings call. "There's been a lot of talk about an AI bubble," he noted, while highlighting unprecedented demand for Blackwell chips and fully allocated cloud GPUs. The company forecasts $65 billion in next-quarter revenue, exceeding analyst projections by $3 billion.
Investors responded positively, driving the stock 5% higher in after-hours trading. The results underscore Nvidia's dominant position in supplying AI infrastructure as enterprises continue prioritizing artificial intelligence deployments.
