Nvidia just demolished Wall Street's expectations with $57 billion in third-quarter revenue and a jaw-dropping $65 billion forecast for Q4. CEO Jensen Huang called Blackwell chip sales "off the charts" while dismissing AI bubble concerns, sending the stock up 5% overnight and reigniting faith across the semiconductor sector.
Nvidia just torched every doubt about the AI boom's staying power. The chip giant's third-quarter results, released after markets closed Tuesday, showed revenue hitting $57 billion - crushing analyst estimates and proving that demand for AI infrastructure isn't slowing down, it's accelerating.
CEO Jensen Huang didn't mince words during the earnings call, describing sales of Nvidia's next-generation Blackwell chips as "off the charts". The company's forecast for the current quarter came in at around $65 billion, well above Wall Street's already optimistic projections.
The results sent Nvidia shares surging 5% in after-hours trading, dragging the entire semiconductor sector along for the ride. Advanced Micro Devices and Broadcom both jumped, while power infrastructure plays like Eaton also rallied as investors bet on continued AI buildout demand.
What's particularly striking is how Huang handled persistent questions about an AI bubble. Instead of the usual corporate deflection, he told analysts the company sees "something very different" from the dot-com era speculation. That confidence matters because Nvidia sits at the center of the AI ecosystem, counting Amazon, Microsoft, Google, and as major customers alongside virtually every AI startup worth watching.
