Catenaa, Thursday, November 20, 2025- Nvidia stock jumped over 5% on Thursday after the chipmaker reported its Q3 earnings, while forecasted earnings eased fears of AI bubble burst.
For the fourth quarter, Nvidia projects revenue of $65 billion plus or minus 2%. Wall Street was expecting revenue of $62 billion.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in a statement.
“We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast, with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once,” he added.
The chipmaker’s report buoyed other AI companies, with AMD’s stock rising over 4% and Micron climbing more than 2% on Thursday. Amazon, Google, Meta, and Microsoft stock made small gains.
For Q3, Nvidia saw earnings per share (EPS) of $1.30 on revenue of $57.01 billion. Analysts were anticipating EPS of $1.26 on revenue of $55.2 billion, according to Bloomberg consensus data.
The company saw EPS and revenue of $0.81 and $35.1 billion, respectively, in the same period last year.
The AI giant’s data center business brought in $51.2 billion versus estimates of $49.3 billion. Nvidia’s gaming revenue was $4.3 billion, just short of the $4.4 billion estimate.
“Blackwell Ultra is now our leading architecture across all customer categories while our prior Blackwell architecture saw continued strong demand,” CFO Colette Kress said in a statement.
Revenue from its China-specific H20 chip was “insignificant,” she added.
During Nvidia’s earnings call, Kress appeared to hit back at the claim, saying Nvidia’s accelerators have a long useful life thanks to the company’s CUDA software and that its 6-year-old A100 GPUs are still running because of updates to CUDA over time.
