After a strong earnings announcement Wednesday, the CEO said Nvidia’s business will benefit from several long-term tech transitions for the foreseeable future.

Strong revenue and “off-the-charts” GPU demand show Nvidia’s AI engine still roaring as CEO Jensen Huang delivers a beat-and-raise quarter

The chip-maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.

Computer chip maker Nvidia is at the head of the artificial intelligence revolution. Its results could determine where markets — and the economy — go next.

The company, which makes the computer chips essential to the artificial intelligence boom, also said revenue in its recent quarter rose to $57 billion.

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.

Microsoft, Nvidia, and Anthropic seal a multibillion-dollar AI pact, scaling Claude on Azure with Nvidia chips to bring frontier models to more enterprises.

Nvidia briefly surpassed $5tn in market capitalisation in October, helped by a bullish revenue projection from Huang, as well as hopes of a diplomatic breakthrough between Washington and Beijing that would allow it to resume AI chip sales in China — which has not materialised.

Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell. Investors will be looking to see if the company can stabilize the AI trade in the face of mounting concerns about rampant spending.