Nvidia increases revenue at Q3 pace. How does the stock react?

Nvidia ( NVDA ) is out with third-quarter earnings that topped both revenue ($35.1 billion vs. $33.25 billion expected) and profit ($0.81 adjusted earnings per share vs. $0.74 expected) estimates. $30.8 billion is attributed to Nvidia’s data center business alone.

Despite the beat, Nvidia shares slipped into the red in extended trading hours as the chip giant forecast $37.5 billion in revenue for the current fourth quarter, above Wall Street estimates of $37 billion. Many analysts argued that Nvidia’s stock reaction would weigh heavily on how much it would beat estimates and guidance forecasts.

Market dominance Overtime hosts Julie Hyman and Josh Lipton review Nvidia’s earnings numbers and the expected demand that the Blackwell AI chips should bring to the company in the coming quarters.

To see more expert insight and analysis of the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.