Nvidia has presented the quarterly results for the third fiscal quarter of 2025, and has given one of two things. The firm has greatly exceeded expectations for results, with a year-on-year growth of 94%but the announcements about the Blackwell chip, which all analysts were waiting for, have left investors cold, with drops of up to 4% in the ‘after hours’.
The company run by Jensen Huang has announced revenue of 35,080 million dollars, compared to the 33,035 million that analysts expectedwhich represents a year-on-year increase of 94%. The key has been its data center business, which has recorded revenues of 30,080 million, more than double the 14,510 the previous year and beating the estimated 29,014 million. And in profits, the company has registered 19,309 million, 109% more than the previous year and 16% more than the previous quarter. That is equivalent to 81 cents per share, above the 74 that the average experts anticipated.
The key for analysts has been in the Blackwell chip. The firm has announced that it will begin selling it in the next quarter and that Its production will not pick up speed until next yearwhich has disappointed the markets. Still, Huang stressed that demand for AI chips “remains very strong,” and he expects supply of the chip in question to exceed expectations for several quarters of next year.
Blackwell was the focus of the analysts. In the previous results, the company recognized some problems with the new model overheating. The Blackwell chip is Jensen Huang’s big bet, and the only clue the CEO has offered is that it will record “several billion dollars of revenue.” Apparently, the markets have not been satisfied with these promises, and believe that their future sales are not reflected in the forecasts for the next quarter.
Regarding these forecasts, the firm has increased its income expectations, to 37,500 million compared to the 37,100 initially expected by the firm. The data seems to have upset the markets, which have interpreted these figures as a sign of slowing down their growth, falling below the highest dreams of analysts: beating expectations is no longer enough to satisfy the markets, they have to score in every game to avoid punishment.
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