Nvidia (NVDA) is out with its third quarter earnings release, topping both revenue ($35.1 billion vs. $33.25 billion expected) and profit (adjusted earnings of $0.81 per share vs. $0.74 expected) estimates. $30.8 billion is attributed to Nvidia’s data center business alone.
Despite the beat, Nvidia shares are falling into the red in extended trading hours as the chip giant forecasts $37.5 billion in revenue for the current fourth quarter, above Wall Street’s estimates of $37 billion. Many analysts were arguing that Nvidia’s stock reaction would weigh heavily on how much it would outperform estimates and guidance forecasts.
Market Domination Overtime hosts Julie Hyman and Josh Lipton sift through Nvidia’s earnings figures and the projected demand the Blackwell AI chips should bring to the company in coming quarters.
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This post was written by Luke Carberry Mogan.