Nvidia's AI revenue and outlook both exceeded expectations, with Jensen Huang stating that sales were phenomenal.

On November 20th, Nvidia (NVDA.O) released its Q3 fiscal quarter results this morning. Its chip sales, a core component of the artificial intelligence (AI) boom, grew faster than Wall Street expected. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed that the company's revenue for the third quarter was $57 billion, a year-over-year increase of 62%. Data center revenue was $51.2 billion, exceeding the expected $49 billion. Furthermore, its revenue outlook for the fourth quarter was approximately $65 billion, far exceeding the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose by more than 5%. (Jinshi)