Nvidia says its AI GPUs are sold out, grows data center business by $10B in a single quarter
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Nvidia has shattered its previous records by selling an unprecedented number of AI chips, far exceeding expectations in its Q3 2026 earnings report. The tech giant generated a remarkable $57 billion in revenue, translating to an impressive profit of approximately $4,000 every second. A significant factor contributing to this success is the company’s data center division, which expanded by $10 billion within just one quarter, reaching a record $51.2 billion—a 66 percent increase compared to the previous year.

Industry analysts are closely monitoring Nvidia’s data center revenues as an indicator of the broader “AI bubble.” Despite concerns that this bubble might burst, Nvidia remains optimistic about its data center growth, projecting an ambitious $65 billion for Q4, which would entail an additional $8 billion in revenue over the next three months.

Jensen Huang, Nvidia’s CEO, highlighted the overwhelming demand for the company’s AI server chips, stating, “Blackwell sales are off the charts, and cloud GPUs are sold out.” Nvidia attributes much of its success to the Blackwell Ultra chip, noting, “Blackwell Ultra is now our leading architecture across all customer categories, while our previous Blackwell architecture continues to experience strong demand.”

In addition to their AI triumphs, Nvidia’s gaming division reported a 30 percent increase in revenue compared to last year. This is a positive development for Nvidia’s Blackwell gaming chips, which had a somewhat challenging launch due to mixed reviews of the RTX 50-series GPUs earlier this year.

We are currently tuned into Nvidia’s investor call and will provide updates should any significant information emerge.

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