By Sheetal Kumari | March 3, 2025
MC Markets | November 20
Nvidia shares surged in pre-market trade after the chip giant reported stronger-than-expected earnings, easing investor anxiety over a potential AI bubble.
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The company posted its first sales acceleration in seven quarters, beating Wall Street expectations and lifting sentiment across the global tech sector.
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CEO Jensen Huang reassured analysts: “We’re in every cloud… developers love us because we’re literally everywhere.”
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Revenue was up 62% with the Data-center sales hitting $51.2B vs. $48.62B expected. The strong momentum was driven by AI infrastructure demand.
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Nvidia forecasts Q4 sales of $65B ±2%, topping analyst estimates of $61.66B — signalling continued AI-driven growth.
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Huang dismissed bubble concerns, saying AI demand remains robust: “From our vantage point, we see something very different.”
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Nvidia disclosed $26B in contracts to rent back its own chips from cloud providers — more than double last quarter — highlighting extraordinary market demand.
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Moneycontrol advises users to check with certified experts before taking any investment decisions.
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