Nvidia Corp reported record Q3 revenue of $57 billion, a 22% increase from the previous quarter and 62% year-over-year.
The company reported that its net income in the quarter increased 65% to $31.91 billion, up from $19.31 billion in the year-ago period.
The company forecasts $65 billion in sales for Q4, surpassing analyst estimates. Analysts had estimated an average of $62 billion. Nvidia shares rose 4% after the announcement, having gained 39% this year, Bloomberg reported.
