Nvidia just reported results for the third quarter of its fiscal year 2025, and its business is booming thanks to the insatiable demand for its AI-enabling GPU chips from cloud “hyperscalers” like Amazon, Microsoft, and Alphabet.
The company reported revenue of $35.08 billion in the quarter, representing a 94% year-over-year surge and a 492% increase from its third quarter in fiscal year 2023.
Put another way, Nvidia just recorded more revenue in a single quarter than it did in its entire fiscal year 2023.
The company is on track to register total revenue of nearly $130 billion this year, and analysts at Goldman Sachs expect that number to jump above the $200 billion milestone next year.
The massive breakout in Nvidia’s revenue growth occurred shortly after OpenAi introduced ChatGPT in November 2022, which was during the fourth quarter of its fiscal year 2023.
Nvidia’s AI-enabling GPU chips, the Hopper-based H100 and …