Jensen Huang, CEO of Nvidia, attends the U.S.-Saudi Funding Discussion board in Washington, D.C., U.S., November 19, 2025.
Evelyn Hockstein | Reuters
Nvidia on Wednesday stateside reported fiscal third-quarter figures that beat analyst expectations (sarcastically, nothing sudden there). It additionally offered steering for gross sales within the present quarter that exceeded estimates (all good nonetheless). It was CEO Jensen Huang’s remark, nonetheless, that piqued extra curiosity.
“There’s been a whole lot of discuss an AI bubble,” Nvidia CEO Jensen Huang instructed traders on an earnings name. “From our vantage level, we see one thing very completely different.”
In fact, this may very well be the common gross sales pitch all CEOs need to do on earnings calls. Which chief goes to publicly put down their enterprise mannequin? Having stated that, Huang could be intimating that, due to the perception Nvidia has into the synthetic intelligence business — akin to exact gross sales figures, the relationships and offers nonetheless being cast, shoppers’ plans on using knowledge facilities — the sum of the AI business is greater than its elements.
That may very well be hopeful pondering, however traders definitely cheered his assertion and the chipmaker’s outcomes. Shares of Nvidia popped 5% in prolonged buying and selling, after its post-bell earnings announcement. Previous to that, shares rose 2.85% in common buying and selling, pushing up main indexes.
No matter what the AI business and commerce would possibly appear like sooner or later, from traders’ views, Nvidia’s earnings are clearly one thing to cheer for as we speak.
What you must know as we speak
The S&P 500 snaps a four-day shedding streak. Main benchmarks rose Wednesday stateside as traders appeared to regain their urge for food for tech shares, with Alphabet touching a brand new excessive. The pan-European Stoxx 600 was largely flat, paring earlier losses.
Nvidia’s numbers beat forecasts. Fiscal third-quarter earnings and income have been greater than Wall Avenue’s estimates, with web revenue rising 65% 12 months on 12 months to $31.91 billion. Nvidia’s steering for gross sales within the present quarter additionally beat expectations.
The Fed is split on a December lower. “Many” officers suppose rates of interest don’t must be lowered additional for the remainder of the 12 months, however “a number of” assessed a discount may very well be “applicable in December,” in line with minutes of their October assembly.
Meta’s chief AI scientist is leaving. Yann LeCun might be creating his personal startup, in line with a LinkedIn publish on Wednesday. LeCun’s firm will give attention to constructing a special sort of AI mannequin from these at present utilized in OpenAI and different firms.
[PRO] The S&P 500 might lose extra steam. One analyst instructed CNBC that probabilities of the broad-based index shedding a minimum of 10% from its newest excessive could also be greater after it slipped under key technical ranges
And eventually…
U.S. President Donald Trump welcomes Saudi Crown Prince and Prime Minister Mohammed bin Salman throughout an arrival ceremony on the South Garden of the White Home in Washington, D.C., U.S., November 18, 2025.
Kevin Lamarque | Reuters
From $1 trillion spending to F-35s, U.S.-Saudi pledges aren’t achieved offers but
U.S. President Donald Trump trumpeted Saudi Arabia’s $1 trillion funding pledge within the States and the potential sale of American fighter jets to Riyadh, however specialists say there are lingering doubts over whether or not such offers will materialize.
A $1 trillion funding is the same as Saudi Arabia’s annual financial output in 2023 (of $1.07 trillion) and economists questioned whether or not that stage of funding would, or might, materialize any time quickly.
— Holly Ellyatt
