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Nvidia Reports Record Revenue
Nvidia (NASDAQ: NVDA) announced a record revenue of $57 billion for its fiscal 2026 third quarter, representing a 62% increase compared to the previous year. This growth comes amidst rising concerns over a potential AI bubble, as Nvidia’s stock price has surged by 1,200% over the past five years.
Industry Context
Future Outlook
Despite concerns about AI valuations, Nvidia maintains a strong gross margin of over 73%. Analysts suggest that the company’s current trading valuation of around 40x forward earnings estimates appears reasonable given its growth trajectory and market demand for AI infrastructure.
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