Nvidia (NVDA) reported record Q3 earnings, with revenue reaching $57.0 billion and Data Center revenue hitting $51.2 billion. CEO Jensen Huang showcased strong demand for core chip products, stating, “Blackwell sales are off the charts, and cloud GPUs are sold out.” Stock jumped 6% in after-hours trading, relieving tech stock woes.

Nvidia’s diversified strategy paid off with gaming revenue up 30%, professional visualization revenue up 56%, and automotive and robotics revenue up 32%. The company announced partnerships with OpenAI, Anthropic, and Intel, as well as plans for seven new supercomputers. Nvidia returned $12.5 billion to shareholders in share repurchases.

Nvidia’s future looks bright with continued revenue growth expected in Q4. Despite concerns about debt issuance among tech companies funding AI buildouts, CEO Huang reassured investors of strong demand for Nvidia’s products. The company revealed $500 billion in Blackwell and Rubin GPU orders through 2026, signaling sustained interest in AI technology.

Read more at Yahoo Finance: Jensen Huang Says ‘Blackwell Sales Are Off the Charts, and Cloud GPUs Are Sold Out’ as Nvidia Crushes Q3 Earnings and Beats Analyst Expectations