
NVIDIA reported strong financial results for the third quarter, surpassing revenue and earnings expectations. The chipmaker's revenue forecast for the fourth quarter is set at $37.5 billion, slightly above the Wall Street estimate of $37.1 billion. However, this figure fell short of traders' expectations, which were at least $39 billion. NVIDIA's data center segment is on track to achieve a historic milestone, with projected trailing 12-month revenue crossing $100 billion for the first time next quarter. This represents a significant growth trajectory, with the annual run rate for the data center business tripling from one year ago and increasing sixfold over the past two years. The company's third-quarter profit doubled, positioning it among the top growth companies in the S&P 500, driven by surging demand for AI-driven chips.
"NVIDIA is CRUSHING IT ⚡️ Q3 profits are through the roof thanks to skyrocketing demand for AI-driven chips! 💻🤖 The AI wave isn’t coming—it’s already here. Are you riding it or watching from the sidelines? 🌊 #AI #NVIDIA $NVDA #TechBoom 🔗 [Add Relevant Article Link]"
Nvidia $NVDA just reported third-quarter profit that doubled — putting it near the top of the S&P 500's growth. But look for huge profit growth from other firms this quarter. https://t.co/DygjTjRh31
NVIDIA about to cross $100 Billion annual run rate for its data center business. 3x from one year prior 6x two years prior 10x three years prior Very little real world evidence that this growth won’t continue into 2025. What a truly remarkable run. 🔥 $NVDA https://t.co/WkbV9ulWkC
