Nvidia Says Its AI GPUs Are Sold Out, Grows Data Center Business by $10B in a Single Quarter

Why It Matters

The surge underscores Nvidia’s dominance in AI hardware and signals strong, ongoing demand for AI compute, reinforcing its role as a bellwether for the broader AI market and setting a high growth benchmark for competitors.

Summary

Nvidia reported a record $57 billion in revenue for Q3 2026, driven by a $10 billion jump in its data‑center segment, which posted $51.2 billion—a 66% year‑over‑year increase. CEO Jensen Huang said the company has sold out of its Blackwell AI server chips, with the Blackwell Ultra architecture now the top seller across all customers. The firm also posted a 30% rise in gaming revenue despite mixed early reviews of the RTX 50‑series. Nvidia’s outlook projects $65 billion in data‑center revenue for Q4, implying another $8 billion quarterly growth.