Compiled/Frontier Intelligence

NVIDIA's third-quarter financial report once again exceeded Wall Street expectations, demonstrating strong demand in the AI chip market. The company's revenue increased by 94% year-on-year, reaching $35.08 billion, significantly higher than analysts' expectations of $33.25 billion.

Image Source: NVIDIA

The data center business performed particularly well, with related revenue increasing by 112% year-on-year to $30.8 billion. NVIDIA CEO Jen-Hsun Huang said, "The era of AI is booming, driving the transformation of global computing."

Although the growth rate has slowed down compared to previous quarters, the company's net income still jumped from $924 million in the same period last year to $1.93 billion. For the current quarter, NVIDIA expects revenue to reach $37.5 billion, an increase of about 70% compared to the same period last year.

The company's next-generation Blackwell chip has attracted much attention. Despite previous reports of potential overheating issues, NVIDIA executives emphasized that they have already shipped 13,000 chip samples to major customers including Microsoft, OpenAI, and Oracle, and anticipate a significant increase in Blackwell chip shipments next year.

The gaming GPU business was also robust, generating revenue of $3.28 billion, exceeding analysts' expectations. The automotive and professional visualization businesses also delivered impressive results, with growth rates of 72% and 17%, respectively.