NVIDIA AI Revenue and Outlook Beat Expectations, Jensen Huang Admits to Nailing the Sales

BlockBeats News, November 20th, Nvidia (NVDA.O) announced its Q3 financial performance this morning, with its chip sales at the core of the AI boom growing faster than Wall Street expected. The company also provided a strong revenue forecast for the quarter, leading investors to believe that the AI investment frenzy will continue. Its Q3 report shows that the company's revenue for the third quarter was $57 billion, a 62% year-on-year increase. Data center revenue was $51.2 billion, exceeding the expected $49 billion. In addition, its revenue outlook for the fourth quarter is approximately $65 billion, well above analysts' average estimate of $61.6 billion. After the financial report was released, Nvidia (NVDA.O) saw its stock price rise more than 5% in after-hours trading. (Jinse Finance)