Nvidia Surpasses Expectations with AI-Driven Profit Surge

Nvidia reported strong third-quarter results, surpassing revenue and earnings per share estimates with $35.1 billion in revenue, a 94% increase year-over-year, and EPS of 81 cents. Despite this, supply constraints affected the stock. CEO Jensen Huang highlighted the significant role of AI in driving demand and transforming industries. Nvidia's data center segment saw a 112% year-over-year revenue increase. The company anticipates fourth-quarter revenue of $37.5 billion, reflecting continued growth in AI and computing demand.