NVIDIA's latest financial report shows that third-quarter revenue reached $35.10 billion, a 17% increase from the previous quarter, exceeding analysts' expectations, with profits reaching $19.30 billion, also surpassing Wall Street's forecasts. However, following the release of the report, NVIDIA's stock price fell 5% in after-hours trading, as some investors felt that its performance did not meet expectations. The company expects fourth-quarter revenue to be approximately $37.50 billion, reflecting strong demand for next-generation AI chips.

<p>BlockBeats News, November 21st, NVIDIA's recent quarterly revenue soared, with profits almost doubling, in a strong sign of the AI boom that has propelled the company to the world's highest market value. The released financial report shows that its third-quarter revenue was $35.1 billion, a 17% increase from the previous quarter, surpassing FactSet's analyst survey expectations. Profit reached $19.3 billion, also exceeding Wall Street's expectations. In addition, the company's revenue forecast for the fourth quarter is around $37.5 billion, also exceeding expectations, indicating that NVIDIA's next-generation AI chips are expected to be widely released next year, driven by high demand from customers such as Microsoft, Google, Meta, and Musk's xAI. However, NVIDIA's stock price fell 5% in after-hours trading following the financial report announcement, as after experiencing several quarters of soaring revenue and profits, NVIDIA's performance did not meet the expectations of some investors. (Jinse Finance)</p>

NVIDIA's earnings report exceeded expectations, but the stock price fell.