Nvidia earnings takeaways: Bubble talk, half a trillion forecast and China orders
Summary
Nvidia delivered strong fiscal third-quarter results and raised confidence in its near-term outlook. The company said current-quarter sales could reach about $65 billion, driven by continued demand for its AI GPUs. Jensen Huang pushed back on concerns about an AI bubble and argued that multiple AI use cases are expanding infrastructure spending. Nvidia also said its multibillion-dollar China opportunity remains constrained, with H20 sales insignificant in the quarter because of geopolitical and competitive pressures. Investors reacted positively as the report reinforced the strength of the AI hardware market.
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AI Software
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NVIDIA Corporation
$1B+
Anthropic
$10M to $25M