Nvidia Q3 Financial Report: The company's revenue for the third quarter was $57 billion, a year-on-year increase of 62%.

ChainCatcher News, Nvidia (NVDA.O) has just released its Q3 financial results. As the core chip supplier amid the artificial intelligence boom, its chip sales growth has outpaced Wall Street expectations. The company also provided a strong revenue forecast for the current quarter, reinforcing investors' belief that the AI investment frenzy will continue.

According to its Q3 financial report, the company's revenue for the third quarter was $57 billion, up 62% year-on-year. Of this, data center revenue was $51.2 billion, higher than the expected $49 billion. In addition, its revenue outlook for the fourth quarter is about $65 billion, far exceeding analysts' average estimate of $61.6 billion.

After the report was released, Nvidia (NVDA.O) shares rose more than 4% in after-hours trading. Nvidia CEO Jensen Huang stated: “Blackwell’s sales have exploded, and all cloud GPUs are sold out.” Previously, Jensen Huang had downplayed concerns about an AI bubble.