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NVIDIA's AI revenue and outlook both exceeded expectations, and Jen-Hsun Huang bluntly stated that it got liquidated.
On November 20, NVIDIA (NVDA.O) announced its Q3 fiscal results this morning. The sales growth of its chips, which are at the core of the artificial intelligence boom, exceeded Wall Street expectations, while the company provided a strong revenue forecast for the current quarter, leading investors to believe that the AI investment frenzy will continue. Its Q3 financial report shows that the company's revenue for the third quarter was $57 billion, a year-on-year rise of 62%. Among them, data center revenue was $51.2 billion, higher than the expected $49 billion. In addition, its outlook for Q4 revenue is about $65 billion, far exceeding the average analyst estimate of $61.6 billion. After the financial report was released, NVIDIA (NVDA.O) saw its stock price rise over 5% in after-hours trading. (Jin10)