By Daniel Howley
Publication Date: 2025-11-20 17:00:00
Nvidia (NVDA) stock jumped after the chipmaker reported its third quarter earnings on Wednesday, beating analysts’ estimates on the top and bottom lines and offering a better-than-anticipated outlook.
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.
Nvidia stock rose as much as 5% Thursday before turning lower.
The chipmaker’s report initially also buoyed other AI and megacap companies like AMD (AMD), Amazon (AMZN), Google (GOOG), Meta (META), and Microsoft (MSFT).
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…
