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Nvidia (NASDAQ:NVDA, ETR:NVD) shares moved lower afterhours despite the chipmaker delivering third quarter revenue and profits above estimates and better-than-expected revenue guidance for the December quarter.
Earnings per share more than doubled to $0.81 from $0.40, which beat estimates of $0.75.
Revenue was up 94% year-over-year at $35.1 billion, almost $2 billion ahead of estimates of $33.2 billion.
Data Center revenue was a record $30.8 billion, up 112% from the year-ago quarter.
For the fourth quarter, Nvidia projected revenue of $37.5 billion plus or minus 2%, above the consensus of $36.8 billion.
"The age of AI is in full steam, propelling a global shift to Nvidia computing," Nvidia CEO Jensen Huang commented.
"Demand for Hopper and anticipation for Blackwell, in full production, are incredible as foundation model makers scale pretraining, post-training and inference."
He added: "AI is transforming every industry, company and country. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure."
Shares of Nvidia fell 4% to about $140 after Wednesday's closing bell.