Nvidia Reports Record Q3 Earnings Amid AI Demand, CEO Dismisses Bubble Concerns

Nvidia reported a record revenue of $57 billion for the third quarter of fiscal 2026, marking a 62% increase from the same period last year. The company's Data Center division led this growth, generating $51.2 billion, up 66% year-over-year.

CEO Jensen Huang addressed concerns about a potential AI bubble, stating, "Blackwell sales are off the charts, and cloud GPUs are sold out." He emphasized the accelerating demand for AI computing, noting, "Compute demand keeps accelerating and compounding across training and inference — each growing exponentially."

Despite the strong earnings, Nvidia's stock experienced volatility, initially rising over 6% in after-hours trading before declining nearly 3% the following afternoon. Analysts suggest that while Nvidia's performance dispels immediate AI bubble fears, broader market uncertainties persist.

Huang remains optimistic about the AI industry's trajectory, asserting that the current growth is sustainable and transformative across various sectors.