Bitcoin price today: steady near $92k after sharp losses; Fed caution weighs
Investing.com-- Artificial-intelligence and chip-maker stocks jumped in after-hours trading on Wednesday after Nvidia (NASDAQ:NVDA) posted blowout third-quarter results, fueling renewed investor optimism in the AI hardware boom.
Nvidia reported $57 billion in revenue, up about 62% year-on-year, driven by $51.2 billion from its data-center business. It forecast fourth-quarter sales of $65 billion, well above analyst estimates.
CEO Jensen Huang said demand for its “Blackwell” chips is “off the charts.” The stock surged more than 5% in after-hours trading as of 19:15 ET.
The upbeat Nvidia print rippled across the semiconductor space. Advanced Micro Devices (AMD) (NASDAQ:AMD) shares rose 4%, while Broadcom (NASDAQ:AVGO) gained 3% after the bell.
Super Micro Computer (NASDAQ:SMCI) jumped over 5%, while Intel Corporation (NASDAQ:INTC) gained 2%.
Arm Holdings (NASDAQ:ARM) shares rose 4% in post-market trading.
Nvidia’s results helped ease concerns about a possible AI bubble, reinforcing the view that demand for advanced AI compute remains structurally strong.
