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U.S. President Donald Trump (left) speaks with Nvidia CEO Jensen Huang during the Saudi Investment Forum at the Kennedy Center in Washington, D.C., on November 19. / AP·Yonhap

Nvidia reported another quarter of explosive growth driven by unrelenting demand for artificial intelligence chips, posting results that far exceeded market expectations and sending its share price sharply higher in after-hours trading.

The U.S. semiconductor giant said its fiscal third-quarter revenue for the August–October period surged 62 percent from a year earlier to $57.006 billion.

Net income climbed 65 percent to $31.91 billion, or $1.30 per share, a 67 percent jump on a per-share basis.

Both figures beat consensus forecasts compiled by LSEG, which projected revenue of $54.92 billion and earnings of $1.25 per share.

For the fourth quarter ending January 2026, Nvidia forecast revenue of $65 billion, up 65 percent from a year earlier and above the market estimate of $62 billion.

Nvidia shares rose 2.8 percent during regular trading on Tuesday and gained nearly 4 percent further in after-hours trading following the strong earnings announcement.

The robust performance was driven primarily by soaring sales of data-center AI chips, as major U.S. tech companies such as Meta and Alphabet continue to invest heavily in AI development.

CEO Jensen Huang told the Financial Times that sales of the company’s latest “Blackwell” chips reached record highs and that cloud GPUs are effectively sold out. Nvidia’s processors remain essential for training and running generative AI models like OpenAI’s ChatGPT.

Market research firm Omdia estimates that Nvidia now controls roughly 80 percent of the global AI chip market. The company’s dominance helped it briefly surpass a $5 trillion market capitalization in October, though recent skepticism about the pace of AI investment has pulled its valuation back to around $4.58 trillion.