Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-earnings. And based on the company’s results, there may be reason to.
Nvidia reported revenue of $57 billion in the third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion, 65% higher year-over-year. Both revenue and profit results beat Wall Street expectations.
The revenue picture shows a company booming thanks largely to its data center business. Revenue generated by Nvidia’s data center business was a record $51.2 billion, up 25% from the previous quarter and up 66% from a year ago. The remaining $6.8 billion in revenue came from Nvidia’s gaming business with $4.2 billion, followed by sales in professional visualization and automotive.
Nvidia’s CFO Colette Kress noted in a statement to shareholders its data center business has been fueled by an acceleration of computing, powerful AI models, and agentic applications. During the company’s Q3 call, Kress said there was an aggregate sale of 5 million GPUs.
“This demand spans every market, CSPs, sovereigns, modern builders enterprises and super computing centers, and includes multiple landmark build outs,” Kress said.
Blackwell Ultra, a GPU unveiled in March and available in several configurations, has been particularly strong and is now the leader within the company. Previous versions of the Blackwell architecture also saw continued strong demand, according to the company.
Huang said sales of its Blackwell GPU chips “are off the charts.”
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“Blackwell sales are off the charts, and cloud GPUs are sold out,” Huang said in the company’s Q3 earnings statement. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. 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.”
Importantly, Nvidia is forecasting more growth with a projected revenue of $65 billion in the fourth quarter, helping push its share price up more than 4% in after-hours trading.
The upshot, at least in Huang’s view: forget about the bubble, there is only growth.
“There’s been a lot of talk about an AI bubble,” Jensen said during the company’s earnings call. “From our vantage point, we see something very different.”
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![NASA Artemis II splashes down in Pacific Ocean in ‘perfect’ landing for Moon mission | TechCrunch
After 10 days, the four astronauts aboard the Orion spacecraft have returned to Earth, their mission around the Moon a success.
Integrity, the name of the crew’s spacecraft as part of NASA’s Artemis II mission, splashed down in the Pacific Ocean off the coast of San Diego, California, at 5:07 p.m. Pacific Time, according to NASA. The four crew members aboard — three Americans and one Canadian — were all in “green” (or safe and healthy) condition after the Orion craft’s “perfect” landing.
[embed]https://www.youtube.com/watch?v=nfhDuOHMp0A[/embed]
The crew was composed of Commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen. From liftoff to splashdown, the quartet was in space for just over nine days (with NASA rounding up and calling it a 10-day mission).
Artemis II was NASA’s first mission to the Moon’s orbit in more than 50 years. The crew traveled farther from Earth than humans ever have before — reaching an estimated 252,760 miles from our planet. During their journey, the crew orbited the Moon, taking photos from their flyby of never-before-seen parts of the surface, and even witnessing a total solar eclipse. They identified new craters, naming one after Wiseman’s wife Carroll, who died of cancer in 2020.
“These were the ambassadors to the stars that we sent out there,” Jared Isaacman, NASA’s administrator, said after the landing. “I can’t imagine a better crew. It was a perfect mission.”
#NASA #Artemis #splashes #Pacific #Ocean #perfect #landing #Moon #mission #TechCrunchartemis ii,NASA,Space](https://i1.wp.com/techcrunch.com/wp-content/uploads/2026/04/artemis-II-Getty.jpg?resize=1200%2C800&ssl=1 "NASA Artemis II splashes down in Pacific Ocean in ‘perfect’ landing for Moon mission | TechCrunch
After 10 days, the four astronauts aboard the Orion spacecraft have returned to Earth, their mission around the Moon a success.
Integrity, the name of the crew’s spacecraft as part of NASA’s Artemis II mission, splashed down in the Pacific Ocean off the coast of San Diego, California, at 5:07 p.m. Pacific Time, according to NASA. The four crew members aboard — three Americans and one Canadian — were all in “green” (or safe and healthy) condition after the Orion craft’s “perfect” landing.
[embed]https://www.youtube.com/watch?v=nfhDuOHMp0A[/embed]
The crew was composed of Commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen. From liftoff to splashdown, the quartet was in space for just over nine days (with NASA rounding up and calling it a 10-day mission).
Artemis II was NASA’s first mission to the Moon’s orbit in more than 50 years. The crew traveled farther from Earth than humans ever have before — reaching an estimated 252,760 miles from our planet. During their journey, the crew orbited the Moon, taking photos from their flyby of never-before-seen parts of the surface, and even witnessing a total solar eclipse. They identified new craters, naming one after Wiseman’s wife Carroll, who died of cancer in 2020.
“These were the ambassadors to the stars that we sent out there,” Jared Isaacman, NASA’s administrator, said after the landing. “I can’t imagine a better crew. It was a perfect mission.”
#NASA #Artemis #splashes #Pacific #Ocean #perfect #landing #Moon #mission #TechCrunchartemis ii,NASA,Space")
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