Nvidia beats estimates with $108 billion Q3 revenue forecast

Nvidia forecasts third-quarter revenue of $108 billion, exceeding Wall Street's average estimate of $104.19 billion, signaling sustained demand for its AI chips from major technology companies. The guidance excludes any data center chip sales to China. Nvidia's results are viewed as a key indicator of AI market health, as its processors power most major data centers and advanced AI models. Nvidia faces growing competition from proprietary chips developed by tech giants and rivals like Intel and AMD. The company projects its AI chip revenue opportunity could exceed $1 trillion by 2027, and has announced partnerships to fund up to $500 billion in AI infrastructure.