Nvidia has recorded a great third quarter profit as against what was expected for both sales and benefits, while they provide a good-looking forecast for the current quarter.
The Nvidia team is expecting a sum of $37.5 billion in income, which is a little bigger than the $37.08 billion that analysts had estimated. Growth is not that good compared to the enticing 265% seen in periods before, despite a 94% year-over-year income surge in the quarter that ended on the 27th of October.
The company is doing great in terms of AI dominance, with its data center being responsible for almost all of the revenue.
There was a report of $30.8 billion in sales as reported by the division, a 112% increase in 2023 that defeated $28.82 billion that was expected.
Almost $3.1 billion of this revenue is from networking components. Nvidia’s AI chips, which include the next-generation Blackwell, are currently being demanded by customers, with 13,000 samples already with clients like OpenAI and Microsoft.
Nvidia has aimed for several billion dollars in Blackwell revenue for the fourth quarter as shipments move in 2025.
The gaming part of the company did not perform badly either, generating $3.28 billion, which is caused by the rise in GPU’s demand for game consoles and PCs.
The automotive sector also increased by 72%, reaching $449 million courtesy of self-driving car technologies. Nvidia’s stronghold in AI is the reason for the robust growth trajectory despite extended trading that witnessed a 2% share loss.
