PANews, November 20 news, Nvidia (NVDA.O) has just announced its Q3 fiscal results, with chip sales at the core of the artificial intelligence boom rising faster than Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe that the artificial intelligence investment frenzy will continue. The Q3 financial report shows that the company's revenue for the third quarter was $57 billion, a year-on-year increase of 62%. Among them, data center revenue was $51.2 billion, exceeding the expected $49 billion. In addition, the revenue outlook for the fourth quarter is about $65 billion, far higher than the average analyst estimate of $61.6 billion. After the release of the financial report, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jen-Hsun Huang stated, “Blackwell's sales are off the charts, and cloud GPUs are completely sold out.” Previously, Huang had downplayed concerns about an artificial intelligence bubble.
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