By Daniel Howley
Publication Date: 2025-11-20 21:07:00
Nvidia (NVDA) stock fell along with the broader market on Thursday, despite the chipmaker posting better-than-expected third quarter earnings and providing a strong outlook for the current quarter a day earlier.
Shares of Nvidia closed out the trading day down 3.15% after briefly turning higher at the start of the day. The company’s “Magnificent Seven” compatriots also fell on the day.
For the fourth quarter, Nvidia projects revenue of $65 billion plus or minus 2%. Wall Street was expecting revenue of $62 billion.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in a statement.
“We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once,” he added.
For Q3, Nvidia saw earnings per share (EPS) of $1.30 on revenue of $57.01 billion. Analysts were anticipating EPS of $1.26 on revenue of $55.2 billion, according to Bloomberg consensus data. The company saw EPS and revenue of $0.81 and $35.1 billion, respectively, in the same period last year.
The AI giant’s data center business brought in $51.2 billion versus estimates of $49.3 billion. Nvidia’s gaming revenue was $4.3 billion, just short of the $4.4 billion estimate.
“Blackwell Ultra is now our leading architecture across all customer categories while our prior Blackwell architecture saw…
