By Lee Chong Ming
Publication Date: 2025-11-20 05:52:00
Nvidia’s blockbuster earnings just blew a hole through Wall Street’s AI bubble anxieties.
Analysts said the chipmaker’s third-quarter results prove the AI boom is nowhere near running out of steam.
On Wednesday, Nvidia posted $57 billion in revenue, topping Wall Street’s $55 billion estimates. Its data center division generated revenue of $51 billion, surpassing the $49.31 billion analysts had projected. The company reported earnings of $1.30 per share compared to the $1.26 estimate. It also forecast $65 billion in revenue for the fourth quarter, exceeding analysts’ expectations of $61.98 billion.
Nvidia’s stock rose about 3% in after-hours trading following the results and climbed about 4.5% after hours as the analyst call wrapped.
“Fears of an AI bubble are way overstated,” Dan Ives, managing director and senior equity research analyst at Wedbush Securities, wrote after the print. The tech bull called the results a “pop-the-champagne moment” for tech investors.
“This is another validation point for the AI revolution,” Ives wrote. “We are in the top of the third inning of this AI game.”
Other analysts echoed that view. Thomas Monteiro, a senior analyst at Investing.com, said Nvidia’s report shows the AI revolution is “nowhere near its peak,” with both demand and supply chain scaling continuing.
Despite concerns that ballooning capital expenditures — estimated at more than $400 billion across top cloud platforms — could lead to a slowdown,…
