Pre-market futures are up big this morning. Major indexes started off early trading in the green, buoyed by another massive earnings report from NVIDIA ( NVDA ) yesterday afternoon.
Nvidia Corp's (NASDAQ:NVDA) earnings report is finally here, and investors are tripping over themselves to get their hot takes in.
Nvidia ( NASDAQ:NVDA ) delivered a blowout earnings report yesterday, easing fears that artificial intelligence (AI) spending might be slowing.
Nvidia Corporation's Q3 FY26 results reversed market panic about a supposed AI bubble, confirming that demand continues to materially outpace supply. The NVDA results were good but they looked great on the backdrop of an angsty market. GB300 is carrying the show, and more complex rackable solutions are boosting networking revenue, too. While we wanted more on China, NVDA reaffirming a big fat zero around its share in China will make it easier for upside surprise once its back into that market.
Michael Burry of "The Big Short" once again took aim at Nvidia after its earnings beat on Wednesday. He questioned the longevity of its chips, its stock dilution, and the "give-and-take deals" in AI.
On November 3, Michael Burry's Scion Asset Management disclosed a new regulatory filing, revealing several changes to its portfolio, including one million put options on Nvidia (NASDAQ: NVDA).
If there were any doubts about the AI trade and its health ahead of NVIDIA's NASDAQ: NVDA Q3 earnings release, they have been laid to rest. The company produced another wow-quality quarter, accelerating revenue growth to over 60% annually and outpacing consensus estimates.
NVIDIA's upbeat earnings fuel AI optimism and lift sentiment around NVDA-heavy ETFs like SMH, SHOC and SMHX as investors bet on stronger chip demand.
"Welcome to the melt up," says Kevin Hincks, as markets soared ahead of Thursday's opening bell. It's no secret that Nvidia's (NVDA) earnings served as the catalyst, with leadership appearing to quell fears of an A.I.
Nvidia Corporation's Q3 results and Q4 outlook point to an improving growth and margin profile, but they do not address the broader concern of potential AI overspending in the market. Total AI capex among hyperscalers to reach $600 billion, nearly triple from $200 billion at the beginning of this year. NVDA is still on track to achieve $500 billion in revenue from Blackwell and Rubin across 2025 and 2026, which could be challenging.
There's a lot more air to blow into the AI bubble, that's what snap analysis says following last night's update from Nvidia Corp (NASDAQ:NVDA, XETRA:NVD). Put in more nuanced parlance by Dan Ives, the closely followed analyst at West Coast US stockbroker Wedbush, the latest blockbuster numbers from Nvidia show it is 'a 1996 moment, rather 1999'.
Nvidia on Wednesday reported fiscal third-quarter earnings that beat expectations for sales and earnings, and provided a strong forecast for the current quarter. CEO Jensen Huang sounded confident in the company's outlook during a call with analysts.