Nvidia Reports 62% Revenue Growth in Q3, Continues to Lead AI Chip Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Significant Revenue Growth: Nvidia's Q3 revenue surged by 62% year-over-year, reflecting strong demand from major tech companies for its chips, with expectations that spending on AI will further increase in 2026.
- Net Income Increase: Nvidia's net income jumped by 65%, indicating that the chipmaker is not only expanding its profit margins but also increasing its market share, showcasing its competitive edge.
- Diverse AI Opportunities: Alphabet enhances search results and online ads with AI, with Google Cloud generating $15.2 billion in Q3, up 34% year-over-year, demonstrating multiple avenues for profit in the AI era.
- Huge Future Potential: While Google's Gemini and Waymo projects have yet to generate significant revenue, their potential market value and revolutionary impact on transportation make them focal points for investors, contributing to Alphabet's stock rising over 60% in the past year.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 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.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
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.
