NVDA Stock Soars to Record Highs

Massive Surge in Chip Demand Drives Share Price

Nvidia's Q3 Revenue Surpasses Expectations, Stock Splits

NVIDIA Corporation (NVDA) shares surged to an all-time high on the Nasdaq Stock Market today, as the semiconductor giant reported record revenue and announced a 10-for-1 stock split.

The company's third-quarter revenue climbed by 52% year-over-year to $7.1 billion, exceeding market estimates by $41 million. Gross profit rose by 66% to $4.8 billion, driven by strong demand for Nvidia's gaming, data center, and automotive chips.

Chief Financial Officer Colette Kress stated, "Nvidia delivered a brilliant quarter, fueled by record revenue, operating income, and EPS." She attributed the company's success to its dominance in AI and accelerated computing, with particular growth in gaming and data center products.