NVIDIA Smashes Earnings On Surging Blackwell Sales Amid AI Boom

NVIDIA is making a habit of posting record earnings each quarter, and that trend continued into Q3 with the company reporting $57 billion in revenue. That's a giant 25% uptick from its previous quarter, and an even bigger 66% spike from the same three-month period a year ago, driven in large part by a big surge in Blackwell sales.

"Blackwell sales are off the charts, and cloud GPUs are sold out," said Jensen Huang, founder and CEO of NVIDIA. "Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. 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."

NVIDIA continues to defy fears of a so-called AI bubble and instead is not just riding the AI ...