Nvidia (NVDA) delivered another strong quarter, reporting adjusted earnings of $1.30 per share, above the $1.26 estimate. Revenue reached $57 billion in Q3, rising 62% from last year and beating the $54.9 billion consensus. The data center unit stood out again with $51.2 billion in sales, up 66% from a year earlier. Management now expects about $65 billion in revenue next quarter, ahead of the $61.84 billion forecast.
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The stock moved 5% higher in after-hours trading, helped by steady demand for Nvidia’s AI hardware. While the financial results are already drawing attention, much of the attention this quarter turned to CEO Jensen Huang and his comments on where AI is heading.
Huang Rejects “Bubble” Talk and Signals a Longer AI Cycle
Huang said he does not believe the AI boom is temporary or inflated. He said “There’s been a lot of talk about an AI bubble,” but explained that Nvidia sees the situation very differently. While explaining the strength in demand, he noted that Blackwell sales are “off the charts” and that cloud GPUs are “sold out.” His remarks suggested that interest in AI remains strong and is driven by real spending, not market hype.
Huang also spoke about how AI is growing beyond simple tools like chatbots. He said the next phase of AI is already expanding into areas such as self-driving cars, robotics, medical technology, smart factories, and personal AI assistants that learn and respond in real time. He remained confident, giving the sense that Nvidia is still early in its journey rather than nearing a peak.
He also confirmed that demand continues to exceed supply, with cloud providers, government agencies, and AI startups placing large orders.
With strong demand, higher guidance, and a confident leadership message, Nvidia appears prepared for the next stage of growth. Risks remain, including export rules, supply limits, and valuation pressure, but the message from the company this quarter leaned more optimistic than cautious.
Is NVDA a Strong Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, one Hold, and one Sell assigned in the past three months. Further, the average NVDA price target of $243.09 per share implies 30.33% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
