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NVIDIA Corp (NASDAQ:NVDA) revealed its robust financial performance and optimistic outlook, driven by an unprecedented wave of artificial intelligence infrastructure demand centered around its groundbreaking Blackwell systems.
What Happened: Nvidia reported a staggering $35.1 billion in revenue for the third quarter, representing a remarkable 94% year-over-year increase. Data Center revenue alone reached $30.8 billion, up an astounding 112% from the previous year.
CEO Jensen Huang described the current moment as “the beginnings of two fundamental shifts in computing,” highlighting the transition from traditional coding to machine learning and the emergence of AI as a new industrial capability.
The company’s new Blackwell systems are at the center of this transformation. Huang noted that while they shipped zero Blackwell systems last quarter, they are now shipping billions of dollars worth, with demand “staggering” ...
