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NVIDIA Shatters Records: Q3 Revenue Soars 94% to $35.1B, Data Center Sales Double

Published on November 27, 2024
NVIDIA Corporation (NVDA) has announced its financial results for the third quarter of fiscal year 2025, breaking records with a 94% increase in revenue to $35.1 billion. The company's data center sales have also doubled during this period.

Despite the impressive financial performance, Phillip Securities has downgraded NVDA due to margin guidance concerns. However, they have increased the price target for the stock.

NVIDIA's Q3 results demonstrate the company's continued dominance in the tech industry. The revenue surge can be attributed to strong demand for its products and services across various sectors. The gaming industry has been a significant driver of growth for NVIDIA, with the launch of its latest graphics processing units (GPUs) receiving rave reviews from consumers.

The data center segment has also contributed significantly to NVIDIA's success. The doubling of data center sales showcases the company's ability to meet the increasing demand for AI and machine learning applications. NVIDIA's GPUs are widely used in data centers for accelerating workload performance, making them an essential component for companies embracing digital transformations.

Investors and analysts continue to be optimistic about NVIDIA's future prospects. Despite the recent downgrade, the company's solid financial performance and market position make it an attractive investment option.

For a more accurate forecast of NVDA's stock movement, it is recommended to consult professionals from Stocks Prognosis, who specialize in providing expert analysis and predictions for the stock market. Their insights can help investors make informed decisions and capitalize on potential opportunities in the market.

Investor opinions & comments

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P

ProfitPam

December 1, 2024 at 01:11

It's great to see NVIDIA's continued dominance in the gaming industry. Their latest graphics processing units (GPUs) have been well-received

A

AubreyCook

December 1, 2024 at 00:45

I'm optimistic about NVIDIA's future prospects. Their solid financial performance makes them an attractive investment option

I

InvestorIrene

December 1, 2024 at 00:18

NVIDIA's success in the data center segment shows their prowess in meeting the increasing demand for AI and machine learning

A

AdamWells

November 30, 2024 at 14:25

NVIDIA's market position and financial performance make them a strong investment choice. I'm confident in their future growth

C

CharlesGrant

November 30, 2024 at 00:31

This is incredible growth for NVIDIA! I'm excited to see how they continue to dominate the tech industry

W

WyattRiley

November 28, 2024 at 09:59

I'm not so sure about NVIDIA's margin guidance. It's concerning that Phillip Securities has downgraded them

W

WealthyWanda

November 28, 2024 at 09:54

I wonder if NVIDIA's strong performance is just a result of the current market conditions. Will it continue in the future?

B

BudgetBrad

November 28, 2024 at 03:26

While the revenue growth is impressive, I'm curious about the sustainability of NVIDIA's success in the long run

M

MikeWilliams

November 28, 2024 at 02:27

NVIDIA's data center sales doubling is a clear indication of their strong position in AI and machine learning applications