Nvidia shares jump 5% after strong Q3 results

Nvidia shares rose 5.5% in premarket trading on November 20, 2025 after the company reported stronger-than-expected Q3 results.

The US-based chipmaker posted a 62% year-on-year jump in revenue to US$57 billion and gave higher-than-expected sales guidance for Q4.

Nvidia CEO Jensen Huang addressed industry concerns about an “AI bubble” during the earnings call but said the company sees ongoing strong demand across multiple sectors.

The positive results boosted shares of other AI and semiconductor firms, including Advanced Micro Devices, Broadcom, and Asia-based Samsung Electronics and Foxconn.

🔗 Source: CNBC

🧠 Food for thought

Implications, context, and why it matters.

Nvidia sees $500 billion through 2026 as AI demand rises

Management sees $500 billion in Blackwell and Rubin platform revenue from early 2025 to late 2026 1.
Data center revenue hit $51 billion in Q3, up 66% year over year 1. Clouds are sold out and the GPU base is fully used. Supply is tight.
Analysts now peg 2026 aggregate CapEx for cloud service providers (CSPs) and hyperscalers at about $600 billion 2. These are the largest cloud operators such as Amazon, Microsoft, and Google. That is over $200 billion above the start of the year.
OpenAI now has 800 million weekly users plus 1 million enterprise customers 2. Anthropic reached $7 billion in ARR last month after $1 billion at the start of the year 2.

Power and cooling makers stand to gain from denser AI data centers

AI server racks now top 100 kW per rack 3. They could reach 1,000 kW by 2029 3. Operators need medium-voltage power and advanced UPS that many legacy sites lack 3.
Annual data center infrastructure spend is set to top $1 trillion by 2030 3. Facility infrastructure covers power, cooling, and electrical distribution 3. It makes up about 12% and benefits power gear plus generator makers.
Liquid cooling is moving into the mainstream as air cannot handle dense AI loads 3. Liquid-to-liquid systems move coolant between the server and an external heat exchanger.
Data center builds hit a $40 billion annual rate in June 2025, up 30% year over year 4. Contractors and equipment suppliers see steady demand.