Nvidia's Strong Earnings Boost AI, Crypto Markets

Nvidias Q3 earnings report, released after US markets closed, showed a 62% revenue increase to $57B, driven by strong demand for AI-focused chips. Jensen Huang reported high sales for Blackwell chips and sold-out cloud GPUs. Shares rose 4% in after-hours trading, with data center revenue at $51.2B, exceeding expectations. Nvidia forecasts Q4 revenue of $63.7-66.3B, surpassing Street estimates. The positive news calmed cryptocurrency markets, with Bitcoin rebounding above $90K and AI-focused tokens gaining 4-5%.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.