Nvidia Sees Multi-Trillion-Dollar AI and Robotics Opportunities

CEO Jensen Huang said that AI is “transforming every industry, company, and country” as enterprises integrate AI into their work♌flows, with Nvidia set to benefit as computing scale grows “exponentially.”

“The age of AI is upon us, and it's large and diverse” he told analysts during the earnings call. “Nvidia’s expertise, scale, and ability to deliver full stack and full infrastructure let us serve the entire multi-trillion-dollar AI and robotics opportunities ahead, from every hyperscale cloud, enterprise private cloud, to sovereign regional AI clouds, on (premise) to industrial edge, and robotics."

-澳洲幸运5开奖号码历史查询:Kara Greenberg

Nvidia Says on Track to Exceed Blackwell Revenue Estimates

CEO Jensen Huang said during the earnings call that Nvidia expects to deliver more Blackwells in the current quarter 🤪than previously estimated.

CFO Colette Kress said that as the chipmaker ramps supply, it could also be on track to exඣceed its previous Blackwell revenue estimate of “several billion dollars” in the current quarter.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Nvidia Scaling Blackwell Supply Amid "Staggering" Demand

CFO Colette Kress said on the post-earnings conference call that "Blackwell demand is staggering, and we are racing to scale supply to meet the incredible demand customers are placing on us."

CEO Jensen Huang said that production is "in full steam," as the company works to boost supply to meet demand.

"It is the case that demand exceeds our supply, and that's expected as we're in the beginnings of this generative AI revolution," Huang said.

-澳洲幸运5开奖号码历史查询:Kara Greenberg

Nvidia Spent $11 Billion on Stock Buybacks in Q3

Nvidia sℱaid it spent $11 billi🍃on on stock buybacks last quarter.

That made up the lion’s share of its spending on shareholder return during the quarter, with Nvidia also iဣssuing a comparatively small dividend.

The company ended the quarter with $38.5 billion in cash, cash equivalents and marketable securities, up from $34.8 billion a quarter e🍷arlier.

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

Networking Revenue Slips from Previous Quarter

Though Nvidia’s revenue rose broadly, there were some♔ blemishes. Networking revenue fell from the second quar🦄ter, coming in at about $3.1 billion.

“Though networking revenue was sequentially down 15%, network꧑ing demand is strong﷽ and growing,” CFO Colette Cress said in published comments.

Networking revenue rose 20% year-over🍬-year, the company said.

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

Blackwell Shipments to Start in Q4 Amid Tight Supply

Nvidia said that shipmꦦents of its Blackwell system, which includes highly anticipated AI chips, are expected to begin in the fourt💯h quarter of the current fiscal year, according to published comments from CFO Colette Kress.

“We will be shipping both Hopper and Blackwell systems in the fourth quarter of fiscal 2025 and beyond,” Cress wrote. “Both Hopper and Blackwell💎 systems have certain supply cons🎃traints, and the demand for Blackwell is expected to exceed supply for several quarters in fiscal 2026.”

Reports detailing 澳洲幸运5开奖号码历史查询:some issues with the Blackwell technology weighed on Nvidia’s shares earlier this 🥀week.ꦓ

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

Data Center Revenue Hits Fresh High, Topping Estimates

Nvidia’s data center sales hit a fresh high of $30.8 billion in the third quarter, surpassing analysts' expectations, as many of its Big Tech buyers, including Meta (META), Amazon (AMZN) and Google parent Alphabet (GOOGL), boosted spending on AI infrastructure.

“The age of AI is in full steam, propelꦍling a global shift to Nvidia computing,” CEO Jensen Huang said in a presﷺs release.

Microsoft (MSFT), another buyer of Nvidia’s chips, 澳洲幸运5开奖号码历史查询:said in its earnings call las𒁏t month that it’s seeing more demand for AI than it can keep up with, despite its higher spending to raise capacity. The tech giant also said it plans to invest more in AI, which could benefit Nvidia.

Earlier this year, Goldman Sachs analysts 澳洲幸运5开奖号码历史查询:projected big tech companies could spend u𓆉pwards of $1 trillion on artificial intelligence over🎀 the next five years.

Revenue Outlook for Q4 Slightly Above Market Expectations

Nvidia told investors to expect $37.5 billion in fourth-quarter revenu💧e, plus or minus 2%. Wall Street was looking for $36.9 billion, according to Visible Alpha estimates.

The company guided investors toward gross margins of 73% to 73.5%, give or take half a percentage point. In the third quarter, gross margins rose year-over-year but ticked lower from the second quarter, settli🔯ng just below 75%.

Nvidia Beats Analysts' Estimates on Revenue, Profit

Nvidia's quarterly results topped Wall Street expectations on both the top and bottom lines.

Revenue nearly doubled year-over-year to $35.08 billion, above that average estimate of $33.29 billion, according to Vi⭕sible Alpha. Net income at $19.31 billion more than doubled from the year-ago period, topping projections of $17.47 billion.

Nvidia Shares Slip Heading Into the Earnings Report

Nvidia shares, which were coming off a 5% gain yesterday, closed Wednesday's session down 0.8% The stock has nearly tripled since the start of the year.

What is the Market Looking for in the Earnings Report?

Nvidia, the world's most valuable company by market capitalization, is projected to report significant revenue growth driven by demand for AI infrastructure.

Wall Street analysts expect the chipmaker’s revenue to grow🍰 84% year-over-year to $33.29 billion and net income to jump to $17.47 billion or 70 cents per share, up from $9.24 billion or 37 cents per share a year earlier, according to Visible Alpha.

Nvidia’s data center revenue hit a 澳洲幸运5开奖号码历史查询:record $26.3 billion in the second quarter, and analysts are calling for it to climb to a fresh high of $29.28 billion in the third quarter. In August, CEO Jensen Huang said, “global data centers are in full throttle to modernize the entire compu♋ting stack with accelerated computing and generative AI.”

Investors will also be watching for updates on shipments of Nvidia's Blackwell AI chip, which Huang has called "a 澳洲幸运5开奖号码历史查询:complete game changer for the industry."

However, Morgan Stanley analysts warned supply constraints could limit the upside of Nvidia's near-term outlook, adding "we think the bigger upward revisions happen later in the year." Nvidia has said it expects to ship several billion dollars worth of Blackwell revenue during the January quarter as production ramps up. 

What Wall Street Analysts Think of Nvidia Ahead of Earnings

Analysts are overwhelmingly bullish on Nvidia heading into Wednesday's quarterly earnings report.

Of the 23 analysts covering Nvidia tracked by Visible Alpha, 22 have a "buy" rating for the stock, with one "hold" rating. Their consensus price target of $170 represents upside of about 17% compared to the current price.

Several firms raised their price targets in the days ahead of the report, with Stifel analysts 澳洲幸运5开奖号码历史查询:bumping their price target earlier this week to $180 from $165. Last week, Mizuho 澳洲幸运5开奖号码历史查询:lifted its price target to $165 from $140. 

Projections for Nvidia's results have also ticked higher, with analysts now expecting third-quarter revenue to grow 84% year-over-year to $33.29 billion, driven by record sales from Nvidia's data center segment.

The stock, which has nearly tripled since the start of the year, was down 1.4% at $145 about🐻 half an hour before the closing bell.

-澳洲幸运5开奖号码历史查询:Andrew Kessel