Nvidia Reports Record Q3 Revenue but Shares Drop

Nvidia reported third-quarter revenue of $35.1 billion, a 94% increase from the previous year, and forecasts fourth-quarter revenue at $37.5 billion, slightly above analyst expectations. Despite this, shares fell nearly 5% in after-hours trading as investors expressed concern over the company's ability to maintain its growth momentum amid supply chain challenges. CEO Jensen Huang highlighted the ongoing demand for Nvidia's AI chips but noted that supply issues, particularly with manufacturing partner TSMC, have hindered reporting larger revenue beats. The company's stock has risen significantly this year, but there are signs of potential investor fatigue as evidenced by declines in global markets following the earnings announcement. As Nvidia remains a key player in the tech industry, its performance will be closely watched as it reflects broader trends in AI investment and technology. The upcoming economic data from Asia could further influence market sentiment as investors digest Nvidia's earnings.