Nvidia has “pushed out any bubble fears for another day”, according to Deutsche Bank, after the chip giant’s stunning results reignited investor confidence and sent global stock markets higher.
The company reported quarterly revenues of $57bn (£43.6bn) – comfortably beating forecasts of $55.2bn (£42.3bn) – and lifted its fourth-quarter revenue guidance from $61.9bn to $65bn, far ahead of Wall Street expectations.
Nvidia shares surged 5.1% in after-hours trading, reversing some of the damage from a 10% decline so far this month.
“It’s fair to say that Nvidia’s results have completely changed the market mood and pushed out any bubble fears for another day,” said Deutsche Bank analyst Jim Reid.
“Normally their earnings get built up but recent bubble fears probably set a much lower bar than normal — one they comfortably cleared.”
The results underscore Nvidia’s continued dominance at the heart of the AI boom. Sales jumped 62% year-on-year in the three months to October, defying growing concerns that the sector was overheating.
Chief executive Jensen Huang said the company was effectively “sold out” of many of its most powerful chips, adding that demand for its new Blackwell processors was “off the charts”.
“There’s been a lot of talk about an AI bubble,” Huang said. “From our vantage point we see something very different.”
The blockbuster performance is expected to ease jitters that had crept into the market after a sharp sell-off in major tech stocks over the past week, restoring confidence that the AI boom still has powerful momentum.
