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Nvidia Reports Record Growth in Q3
Nvidia (NASDAQ: NVDA) reported a fiscal third-quarter revenue of $57 billion, a 62% increase year-over-year and a 22% rise from the previous quarter, driven by a 66% year-over-year surge in data center revenue, which reached $51.2 billion. The company has guided for an estimated $65 billion in fourth-quarter revenue, indicating mid-teens sequential growth.
Shares of Nvidia rose by as much as 5.1% on Thursday following the announcement. CEO Jensen Huang addressed concerns regarding a potential AI bubble during the earnings call, asserting that the technology is experiencing significant platform shifts beneficial to Nvidia’s growth strategy.
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