Nvidia Reports Strong Q3 Earnings and Optimistic Q4 Outlook Amid Rising Bitcoin Prices
Nvidia reported third-quarter revenue of $57.01 billion, marking a 62% increase year over year. The company's data center revenue reached $51.2 billion, surpassing the consensus forecast of $49.34 billion. For the fourth quarter, Nvidia projects revenue between $63.7 billion and $66.3 billion, above Wall Street's estimate of $62 billion. Following the earnings release, Nvidia's stock rose about 4% in after-hours trading.
CEO Jensen Huang highlighted strong sales of the Blackwell GPU architecture and robust demand for cloud GPUs, noting accelerating compute demand for AI training and inference. Nvidia's GPUs continue to be central to AI training, data centers, and machine-learning workloads, reinforcing its critical role in the AI supply chain.
In addition, several AI-focused tokens including TAO, NEAR, ICP, and RNDR increased by approximately 4–5% after the earnings announcement.
Bitcoin prices also experienced gains, trading above $90,000 and reaching $90,536.89 after an intraday dip to around $88,000.
Nvidia plans to hold a conference call at 5:00 p.m. ET to discuss guidance and strategic direction.
