Nvidia's Bullish Q3 and Next Quarter Guidance

2 months ago

"Nvidia shares up nearly 5% in the pre-market trade. This is all down to their beat in their third quarter revenue and a bullish guidance on future earnings, lifting not just Nvidia and the NASDAQ but global equities with it. The chipmaker guided for next quarter revenue to be 65 billion above estimates of 62. And they also said that the half a trillion revenue bonanza that they expected in the coming quarters may be even bigger than anticipated. Their data center revenue also came in strong for the previous quarter and Jensen Huang told Bloomberg the CEO that the AI chip sales of their Blackwell model are off the charts."

The transcript highlights Nvidia's strong performance with a nearly 5% pre-market rise, driven by a beat in third quarter revenue and bullish guidance for next quarter. It points to a significant revenue outlook and robust AI chip sales, reinforcing a positive sentiment about Nvidia's near-term prospects.

Related Stocks