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November 21, 2024 2:04 PM
Nvidia Corp (NVDA) delivered record-breaking third-quarter results for fiscal 2025, reporting $35.08 billion in revenue, a 94% increase year-on-year. The results surpassed Wall Street’s consensus estimate of $33.28 billion, driven by surging demand for artificial intelligence (AI) chips.
Nvidia’s Data Center segment, its primary growth driver, generated $30.8 billion in revenue, up 112% compared to the same period last year. The company’s non-GAAP earnings-per-share (EPS) reached $0.81, exceeding analyst expectations of $0.75. CEO Jensen Huang described the quarter as a reflection of “AI in full steam,” with enterprises adopting Nvidia’s Hopper GPUs while anticipating the launch of its next-generation Blackwell platform.
Despite Nvidia’s strong performance, its stock fell 0.76% during regular trading and dropped an additional 2.39% in after-hours trading, closing at $142.40. Analysts attributed the decline to profit-taking after Nvidia’s year-long rally and cautious reactions to its Q4 guidance. Nvidia expects $37.5 billion in revenue for the next quarter, representing a 7% sequential increase and aligning with analyst forecasts.
Nvidia’s gaming segment reported $3.3 billion in revenue, reflecting steady growth with a 14% sequential and 15% year-on-year increase. However, smaller segments like Automotive and Professional Visualization contributed modestly to the overall revenue.
Concerns over Nvidia’s soaring valuation and potential supply constraints for GPUs remain, even as the company continues to dominate the AI and accelerated computing space.
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