Nvidia Memory Chip Shortage Caps Revenue Growth Despite Strong Quarter

Nvidia reported strong quarterly results but said a memory chip shortage limited even higher revenue, with sales reaching $96.2 billion, up 106% year-over-year. The data center segment generated $89 billion, a 117% increase, while net profit hit $59.7 billion, up 126%. Nvidia expects gross margins to decline to 71% in Q4 due to higher memory costs. The company forecast 70% revenue growth for fiscal 2028, far exceeding analyst estimates of 44%. Nvidia is partnering with financial firms to mobilize $500 billion for AI infrastructure financing.