NVIDIA Crushes AI Bubble Fears with Record $57B Revenue

According to Jensen Huang, founder and CEO of NVIDIA, Blackwell sales are off the charts and cloud GPUs are sold out, with compute demand accelerating across training and inference. NVIDIA has released its financial report for the third quarter of fiscal year 2026, addressing fears about an AI bubble and signalling continued momentum, including a record third-quarter revenue of 57 billion USD, a 62% increase year over year.

The company also guided for Q4 revenue toward 65 billion USD, signalling optimism about ongoing demand for accelerated computing and generative AI capabilities. CFO Colette Kress noted that NVIDIA’s chip supply is fully tapped and that “the clouds are sold out,” with the current GPU fleet operating at full utilisation. The earnings and bullish projections helped push NVIDIA shares higher in after-hours trading, while several peers in the semiconductor sector also rose.