Nvidia CEO Jensen Huang Foresees Strong Q4 Following Robust Q3 Earnings

Nvidia CEO Jensen Huang expressed optimism for the company's fourth quarter, following stronger-than-expected third-quarter earnings. In an interview, Huang stated, "We guided to a much larger quarter next quarter... the guidance that we provided is crazy good." He emphasized that Nvidia is at the forefront of a significant transformation in computing, noting, "We reinvented computing for the first time in 60, 70 years... all of the computers that have been installed around the world is being modernized to accelerated computing and video GPUs and to artificial intelligence."

Addressing concerns about a potential AI bubble, Huang remarked, "There's been a lot of talk about an AI bubble. From our vantage point, we see something very different." He highlighted the widespread adoption of Nvidia's technology, stating, "We're in every cloud... from cloud to on-premise to robotic systems, edge devices, PCs, you name it. One architecture. Things just work. It's incredible."

Nvidia's third-quarter revenue rose 62% to $57.0 billion, with data center revenue reaching $51.2 billion, up 66% from the previous year. The company forecasts fiscal fourth-quarter sales of $65 billion, plus or minus 2%, and an adjusted gross margin of 75%, plus or minus 50 basis points. Shares of Nvidia increased by 5% in extended trading, adding $220 billion in market value.

Huang also noted that the company had $500 billion in bookings for its advanced chips through 2026.