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Nvidia Lifts Q4 Revenue Forecast on Explosive AI Chip Demand
Nvidia boosted its Q4 revenue outlook to $65B as AI chip demand soared, with Q3 profit up 65% YoY on record data center and enterprise orders.
Nvidia raised its Q4 revenue forecast to $65 billion, exceeding Wall Street expectations of roughly $62 billion. The company reported that demand for its AI accelerators remains at unprecedented levels, with large cloud providers and enterprise clients placing multi-quarter orders. Nvidia’s Q3 profit surged 65% year-on-year to $31.9 billion, supported by strong gross margins and record data center revenue.
Executives said supply remains tight as AI adoption accelerates globally across sectors including cloud computing, enterprise software, and industrial automation.