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Nvidia Reports Strong Q3 Earnings
Nvidia (NASDAQ: NVDA) announced a 62% increase in revenue for the third quarter of fiscal 2026, reaching $57 billion, alongside a gross margin exceeding 73%. The company continues to see robust demand for its AI products from major clients, including Amazon and Alphabet.
Despite this impressive performance, Nvidia’s stock fell by approximately 3% in post-earnings trading on November 20, 2023, amid broader market concerns about interest rates and speculation regarding an AI bubble. This marks the fifth consecutive quarter that Nvidia has exceeded analyst expectations.
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