Nvidia has again smashed expectations, sending its share price up around 4% as the chipmaker delivered another strong set of results and maintained that AI demand remains robust.

The company posted third-quarter revenue of US$57 billion (A$88 billion), beating analyst forecasts and marking a 25% jump on the previous quarter.

Net earnings also topped expectations and Nvidia lifted its guidance for the coming quarter to US$65 billion, well above the market’s US$62 billion estimate.

Nvidia founder and CEO Jensen Huang said demand for the company’s advanced Blackwell GPUs is “off the charts” and that cloud providers have effectively sold out of capacity.

“Compute demand keeps accelerating and compounding across training and inference – each growing exponentially,” Huang said. “We’ve entered the virtuous cycle of AI… AI is going everywhere, doing everything, all at once.”

Nvidia’s data-centre division, which is now the core of the business, delivered a record US$51.2 billion in revenue, up 66% year-on-year.

The staggering demand for Blackwell systems has also been fuelled by huge infrastructure commitments from major AI players.

OpenAI is deploying Nvidia hardware as part of a US$100 billion build-out of next-generation AI systems, while a separate deal with Amazon Web Services will scale AI compute on Blackwell architecture.

Despite geopolitical constraints limiting sales of its newest chips to China, Nvidia continues to pull away from competitors.

Smaller segments, including gaming, automotive and professional visualisation, also posted strong year-on-year gains, though they remain dwarfed by data-centre revenue.

With shares climbing in after-hours trade and Nvidia signalling another record quarter ahead, the company appears set to maintain its position at the centre of the global AI boom.