Nvidia CEO Jensen Huang underscored the company’s commitment to leading the development of autonomous, or agentic, artificial intelligence as it reported record-breaking earnings for the third quarter.
“The era of AI is fully underway, driving a global transition to Nvidia computing,” Huang stated on Nov. 20. Nvidia revealed that its Q3 revenue surged by 17% from the previous quarter and an impressive 94% year-over-year.
The bulk of Nvidia’s $35.1 billion revenue came from its data center operations, a key backbone for powering advancements in AI. Anticipating continued momentum, Huang forecasted Q4 revenue to reach $37.5 billion.
“AI is reshaping industries, businesses, and nations. Enterprises are now embracing agentic AI to revolutionize their operations,” Huang said during the company’s earnings call.
He highlighted the rising number of AI-native companies and noted the growing enterprise adoption of agentic AI as a significant trend.
Nvidia, with a market capitalization of $3.6 trillion, is positioning itself as a leader in enabling AI agents and agentic AI technologies. Its approach includes delivering cutting-edge computing platforms like the Hopper and Blackwell GPUs, creating AI software frameworks for developing complex AI agents, and offering tools that help organizations deploy autonomous AI systems.
Agentic AI refers to systems capable of independent decision-making and goal-driven behavior. These systems can interpret complex objectives, break tasks into manageable steps, make decisions, and act with minimal human intervention. They are designed to adapt to dynamic or uncertain environments while pursuing specified goals.
Nvidia is not alone in the race to advance agentic AI. On Nov. 19, Microsoft spotlighted its efforts to integrate autonomous AI into its Copilot assistant and other products. CEO Satya Nadella emphasized teaching AI tools to “act on our behalf” during a Nov. 20 conference.
Despite the record revenue, Nvidia’s stock fell 2.5% to $142 in after-hours trading, according to Google Finance. The announcement also had little impact on leading AI-related cryptocurrencies, with most seeing declines, except for Bittensor, which bucked the trend.
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