Addressing the AI Bubble T* The price is 193.52 USD currently with a change of 7.00 USD (0.04%) from the previous close.* The latest open price was 195.92 USD and the intraday volume is 37895963.* The intraday high is 197.42 USD and the intraday low is 192.43 USD.* The latest trade time is Thursday, November 20, 19:36:43 +0500.—
Nvidia (NVDA) Earnings & AI Surge
: A Deep DiveNvidia (NASDAQ: **NVDA**) — the chipmaker that has become synonymous with artificial intelligence — once again blew past Wall Street expectations in its most recent earnings report. With remarkable revenue growth, robust demand for its Blackwell AI chips, and a bullish outlook, Nvidia continues to solidify its role as a cornerstone of the global AI infrastructure
**$57.0 billion** in revenue for the third quarter of fiscal 2026, marking a **62% year-over-year increase**, and a **22% jump from the previous quarter**. ([NVIDIA Newsroom][1])Earnings per share (EPS) came in at **$1.30 (diluted, GAAP and non-GAAP)** — outperforming consensus estimates. ([NVIDIA Newsroom][1])The data center business — which houses Nvidia’s AI chip operations — remains the engine of growth, contributing **$51.2 billion** in Q3. ([NVIDIA Newsroom][1])Gross margins held strong at **73.4% (GAAP)** and **73.6% (non-GAAP)**, signaling not only top-line strength but also profitability discipline. ([NVIDIA Newsroom][1])
Unprecedented Demand for Blackwell & Cloud GPUsAt the heart of Nvidia’s beat was CEO
**Jensen Huang’s** declaration that “Blackwell sales are off the charts, and cloud GPUs are sold out.” ([NVIDIA Newsroom][1]) This wasn’t just marketing hyperbole — demand is truly surging as more companies build their AI infrastructure around Nvidia’s latest architecture.CFO **Colette Kress** added even more color during the earnings call, sharing that Nvidia currently sees **visibility into a half-trillion dollars of combined Blackwell and Rubin (its next-gen architecture) revenue** through the end of 2026. ([Yahoo Finance][2]) That’s a staggering pipeline that underscores how deeply Nvidia is embedded in the future of AI.
Addressing the AI Bubble Talk One of the most-watched moments of the call came when Huang responded directly to concerns about an “AI bubble.” He argued that Nvidia isn’t riding a hype wave — it’s building the very foundation of AI: “From pre-training to post-training to inference … we excel at every phase.” ([Yahoo Finance][2])This confident posture has seemed to calm some investor nerves. After Nvidia’s earnings beat and forward-looking guidance, markets rallied, shrugging off worries about an overvalued AI space. ([The Guardian][3])
Bold Outlook for Q4 Looking ahead,
Nvidia has forecast **~$65 billion ± 2%** in revenue for the fourth quarter. ([NVIDIA Newsroom][1]) That’s significantly higher than many analysts anticipated (~$62 billion), signaling that Nvidia expects demand to remain very strong. ([Yahoo Finance][4])On top of that, the company reiterated its commitment to returning capital to shareholders: it has **$62.2 billion** left under its share repurchase program, and is continuing its modest but steady **dividend payout**. ([NVIDIA Newsroom][1])
Context: Why This Matters for the Global Market
*AI Infrastructure Backbone**: Nvidia’s dominance in data center chips — especially its Blackwell architecture — cements its role as the backbone of generative AI, reasoning AI (models that make decisions), and agentic AI (robots, autonomous systems). Huang described three fundamental shifts: *accelerated computing*, *generative AI*, and *agentic/physical AI*. ([The Guardian][3])* **Investor Confidence Boost**: The strong beat and bullish forward guidance help alleviate fears that the AI investment boom is overheating. ([Financial Times][5])* **Geopolitical Complexity**: While Nvidia is thriving, it still faces geopolitical headwinds — especially in relation to China. In prior earnings calls, it noted an $8 billion projected hit to China sales due to export restrictions on its H20 chip. ([cnbc.com][6])
Risks to Watch Despite the stellar results
, some risks remain:1. **Regulatory Risk**: Continued export restrictions (e.g., U.S.-China) could hurt parts of Nvidia’s business.2. **Valuation Risk**: Nvidia trades at a premium, and while growth is strong, any softness in demand or macro weakness could pressure sentiment.3. **Execution Risk**: Scaling Blackwell and Rubin globally — especially for inference workloads — is capital-intensive and operationally complex.4. **Competition**: Other players (cloud providers, chip companies) are also racing to build their AI infrastructure. Nvidia’s leadership is strong, but it warns against complacency.
Bottom LineNvidia’s
latest earnings report is more than just a beat — it’s a reaffirmation of its central role in the AI revolution. Strong Blackwell demand, aggressive guidance, and a confident management team signal that the company is not just riding the AI wave — it’s helping build the ocean.For investors, NVDA remains a top-tier bet on generative and physical AI. But as with any high-growth tech play, the rewards come with risks. The key question now: Can the company deliver on its $500 billion+ pipeline, while navigating geopolitical and competitive headwinds?—
