Nvidia just sold more AI chips than ever before, exceeding its own estimates today’s results for Q3 2026. Not only did it achieve record revenues of $57 billion and approximately $4,000 in net profit per second, but it grew its data center business by $10 billion in a single quarter. It reported a record $51.2 billion in revenue from its data center business, up 66% from a year ago.
Many eyes are currently focused on Nvidia’s data center revenue, which is the driving force behind the entire “AI bubble.” Nvidia doesn’t appear to expect its data center growth to leisurely down despite fears of a bubble bursting — forecasts for the fourth quarter are as much as $65 billion, which would require an additional $8 billion in quarterly revenue growth in just three months.
Nvidia CEO Jensen Huang says the company is selling every AI server chip it can produce: “Blackwell device sales are off the charts, and cloud GPUs are sold out.” Turns out not literally however, this means that the Blackwell is sold out: “We have plenty of Blackwells for sale, we have plenty of Blackwells coming” he explained further Bloomberg TV.
On a call with investors today, Huang seemed confident when concerns about an “AI bubble” were raised, saying: “There’s been a lot of talk about an AI bubble. From our perspective, we see something completely different.” He then summarized many of the same claims Nvidia has been making for years about how AI will change everything, and added that AI has “reached a tipping point,” stating: “The transition to agent-based and physical AI will be revolutionary.”
Update, November 19: Added comments from the call with Nvidia investors; updated headline after Nvidia clarified to Bloomberg that it still has “plenty of Blackwells to sell.”