Nvidia benefited again from booming demand in the field of artificial intelligence (AI) with a 94 percent jump in sales in the third quarter. The chip manufacturer generated revenues of $35.1 billion, significantly surpassing analyst estimates of $33.25 billion. Nevertheless, growth was lower than in the previous quarter.

The area of data centers developed particularly strongly, with revenue increasing by 112 percent to $30.8 billion. This sector significantly benefits from the widespread use of Nvidia's Hopper chips, which were central to the first wave of the AI boom. Large technology companies continue to invest heavily in infrastructure for the training and operation of AI models, a trend that is likely to continue until 2025.

Nvidia's new Blackwell chip generation, introduced at the beginning of the year, is under intense scrutiny. Analysts want to assess how its introduction impacts revenue growth. According to reports, technical issues such as overheating could hinder the launch. However, CEO Jensen Huang emphasized that demand for both Blackwell and Hopper chips is "extraordinary.

For the current quarter, Nvidia forecasts revenues of $37.5 billion, meeting market expectations. Despite the solid numbers, the shares fell by 1.8 percent after hours, as the market already had very high expectations of the company. Nvidia's stock value has more than tripled so far this year and continues to dominate the technology sector.

Nvidia's gross margin was 75 percent, in line with expectations. The adjusted net income was 20 billion US dollars, while earnings per share exceeded forecasts at 0.78 US dollars.

Citi analysts described the results as "better than expected" and anticipate a consistently high demand for Blackwell chips, which is expected to exceed production until fiscal year 2026.