Nvidia Reports $57 Billion Q3 Revenue Amid Strong AI Chip Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Revenue Growth: Nvidia reported $57 billion in revenue for Q3 of fiscal 2026, indicating strong demand in the AI chip market, despite facing chip supply constraints, which suggests its market dominance remains intact.
- Market Concerns: While worries about an AI bubble are rising, Nvidia's cloud GPUs are sold out, indicating that its products are still the industry choice, with analysts projecting a 48% revenue growth next year, further solidifying its market position.
- Amazon Cloud Recovery: Amazon's cloud computing unit achieved a 20% revenue growth in Q3, marking its best performance in years, showcasing its recovery potential in the market, which is expected to drive stock price increases in 2026.
- Broadcom AI Semiconductor Growth: Broadcom's revenue grew by 28% in Q4 of fiscal 2025, with its AI semiconductor business rising 74% year-over-year, and despite facing customer delays in purchasing, future growth is anticipated to attract market attention.
AMZN
$228.15+Infinity%1D
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.71 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
40 Buy
3 Hold
0 Sell
Strong Buy
Current: 227.350
Low
250.00
Averages
294.71
High
340.00
Current: 227.350
Low
250.00
Averages
294.71
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
