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MarketBeat
MarketBeat
Business
Thomas Hughes

NVIDIA Just Proved the AI Boom Is Bigger Than Anyone Thought

Nvidia MarketBeat

If there were any doubts about the AI trade and its health ahead of NVIDIA’s (NASDAQ: NVDA) Q3 earnings release, they have been laid to rest. The company produced another wow-quality quarter, accelerating revenue growth to over 60% annually and outpacing consensus estimates.

NVIDIA's mind-bending outperformance indicates the AI bubble is bigger and growing faster than anticipated. The company’s Q4 guidance was $3 billion above MarketBeat’s reported consensus, nearly 500 basis points, and it is likely to outperform due to the trends. CEO Jenson Huang said GPUs and GPU capacity are sold out, and there is clear visibility through the end of the following calendar year. 

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