Nvidia Q3 Performance Eases AI Bubble Fears

2 months ago

Tom Keane with Paul Sweeney and Bloomberg's Lisa Matteo

"Ticker NVDA up as much as 5%. Strong revenue forecast, right? Expect sales about 65 billion in the January quarter. Roughly 3 billion more than analysts expected. Third quarter results also topped estimates. Revenue rose 62% to 57 billion in the period. So basically in a nutshell, it eased those concerns about AI that the AI industry is in this bubble. Some positive commentary from its CEO mentioned plenty of available chips and highlighted deals with OpenAI and Anthropic, saying the investments will provide a good return and help establish new ties."

The discussion highlights Nvidia's robust Q3 performance with strong revenue exceeding analyst estimates and eased concerns about an AI bubble. The CEO's commentary on ample chip supply and promising partnerships with OpenAI and Anthropic provided additional investor reassurance, contributing to bullish market sentiment.

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