Nvidia's shares ticked up 4.7% to $185.32 at 10:12 a.m. ET after the company reported $13.51bn in revenue, a 35% year‑over‑year increase, according to its Q3 earnings release.
Operating margin climbed to 38.3%, up from 30.2% in Q2, with the company citing stronger demand for data‑center GPUs, per the filing. The sector average margin sits around 28%, leaving Nvidia well ahead of peers.
In contrast, AMD reported Q3 revenue of $4.63bn, a 12% YoY rise, highlighting Nvidia’s outsized growth in the high‑performance computing space.
Analysts at Bloomberg now expect Nvidia to deliver $15.5bn in Q4 revenue, projecting a 20% YoY jump; however, potential chip supply constraints could temper gains, according to analyst Jim Liu.
Investors will be watching the upcoming earnings call on November 10 for guidance on fiscal 2024 and any adjustments to the current debt‑paydown plan.