Nvidia Claims Some AI GPUs Are "Sold Out," Data Center Business Grows by $10 Billion in Three Months

Nvidia recently celebrated a new record, selling more AI chips than ever before, surpassing its own forecasts for the third quarter of 2026. Its revenue reached $57 billion, with a net profit of about $4,000 every second. The data processing business grew by $10 billion in a single quarter, reaching $51.2 billion, which is a 66% increase compared to last year. Notably, revenues from data centers are seen as an indicator of the state of the "AI bubble." However, Nvidia does not expect a slowdown in growth for this segment, despite concerns about a potential bubble burst. In its forecast for the fourth quarter, the company anticipates revenue of $65 billion, requiring an additional $8 billion increase in quarterly revenue compared to the current period.

CEO Jensen Huang stated that Nvidia is selling all the AI server chips it can produce. "Blackwell sales are off the charts, and cloud GPUs are sold out," he emphasized. At the same time, he added that there are still sufficient stocks of Blackwell, with new supplies coming in. The Blackwell Ultra chip plays a significant role in the growth of the data center segment, currently being the leading architecture among all clients. The older Blackwell architecture also maintains steady demand.

Gaming revenue increased by 30% compared to last year, which is a positive sign for the Blackwell gaming chips, despite some mixed reviews regarding the RTX 50 series that launched earlier this year. During the latest investment call, Huang expressed confidence in the future of the AI segment, dispelling concerns about an "AI bubble." He emphasized that the company sees things quite differently and reiterated that AI has reached a turning point. According to him, the shift towards agent-based and physical AI will be revolutionary and radically change the technology landscape.