positive
Nvidia Lifts Q4 Revenue Forecast on Explosive AI Chip Demand
Nvidia raised its Q4 revenue forecast to $65 billion, exceeding Wall Street expectations of roughly $62 billion. The company reported that demand for its AI accelerators remains at unprecedented levels, with large cloud providers and enterprise clients placing multi-quarter orders. Nvidia’s Q3 profit surged 65% year-on-year to $31.9 billion, supported by strong gross margins and record data center revenue.
Executives said supply remains tight as AI adoption accelerates globally across sectors including cloud computing, enterprise software, and industrial automation.
Companies:
- Nvidia
Tags:
- Nvidia
- AI chips
positive
Nvidia Lifts Q4 Revenue Forecast on Explosive AI Chip Demand
Nvidia raised its Q4 revenue forecast to $65 billion, exceeding Wall Street expectations of roughly $62 billion. The company reported that demand for its AI accelerators remains at unprecedented levels, with large cloud providers and enterprise clients placing multi-quarter orders. Nvidia’s Q3 profit surged 65% year-on-year to $31.9 billion, supported by strong gross margins and record data center revenue.
Executives said supply remains tight as AI adoption accelerates globally across sectors including cloud computing, enterprise software, and industrial automation.
Companies:
- Nvidia
Tags:
- Nvidia
- AI chips
Breaking
positive
Nvidia Lifts Q4 Revenue Forecast on Explosive AI Chip Demand
1 min read
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Nvidia boosted its Q4 revenue outlook to $65B as AI chip demand soared, with Q3 profit up 65% YoY on record data center and enterprise orders.
Nvidia raised its Q4 revenue forecast to $65 billion, exceeding Wall Street expectations of roughly $62 billion. The company reported that demand for its AI accelerators remains at unprecedented levels, with large cloud providers and enterprise clients placing multi-quarter orders. Nvidia’s Q3 profit surged 65% year-on-year to $31.9 billion, supported by strong gross margins and record data center revenue.
Executives said supply remains tight as AI adoption accelerates globally across sectors including cloud computing, enterprise software, and industrial automation.
Nvidia raised its Q4 revenue forecast to $65 billion, exceeding Wall Street expectations of roughly $62 billion. The company reported that demand for its AI accelerators remains at unprecedented levels, with large cloud providers and enterprise clients placing multi-quarter orders. Nvidia’s Q3 profit surged 65% year-on-year to $31.9 billion, supported by strong gross margins and record data center revenue.
Executives said supply remains tight as AI adoption accelerates globally across sectors including cloud computing, enterprise software, and industrial automation.
Companies:
- Nvidia
Tags:
- Nvidia
- AI chips
- Nvidia
- AI chips
- Q4 forecast
- earnings
- semiconductors