Nvidia reported third quarter earnings that surpassed expectations and provided an optimistic forecast for the current quarter.
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00:00NVIDIA reported third quarter earnings that surpass expectations and provided an optimistic
00:05forecast for the current quarter. Now, the company projects $37.5 billion in sales.
00:11This is slightly above analyst estimates, with fourth quarter revenue expected to grow
00:1570% year over year, which would be a slowdown from the 265% growth seen a year ago.
00:22Despite the deceleration, NVIDIA's revenue rose 94% annually in the most recent quarter,
00:28reflecting sustained demands for its AI chips. As the leading beneficiary of the AI boom,
00:35NVIDIA stock has nearly tripled in 2024, solidifying
00:39its position as the most valuable publicly traded company.