Nvidia has reported record-breaking sales of its AI chips, surpassing its Q3 2026 earnings estimates. The company announced $57 billion in revenue, with a remarkable profit of approximately $4,000 per second. Notably, Nvidia’s data center business saw exceptional growth, increasing by $10 billion in just one quarter, reaching a record $51.2 billion in revenue, marking a 66% rise from the previous year.
With Nvidia’s data center revenue serving as a barometer for the AI industry, the company’s robust performance is closely watched. Despite concerns about a potential AI bubble, Nvidia remains optimistic about its data center growth trajectory. The projected Q4 outlook of $65 billion indicates the company’s ambition to further expand, requiring an additional $8 billion in quarterly revenue within the next three months.
Nvidia CEO Jensen Huang revealed that the demand for AI server chips is outstripping supply, stating, “Blackwell sales are off the charts, and cloud GPUs are sold out.” Huang clarified that there are sufficient Blackwell chips in production to meet demand, with the Blackwell Ultra chip driving the surge in data center revenue. Huang also highlighted a 30% year-over-year increase in gaming revenue, signaling positive traction for Nvidia’s Blackwell gaming chips.
Addressing concerns about an AI bubble, Huang expressed confidence in the industry’s sustainability, stating, “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different.” Nvidia’s strong performance in AI chip sales and data center growth underscores its position as a key player in the evolving tech landscape.
Source: The Verge