04:55 PM EST, 11/19/2025 (MT Newswires) -- Nvidia ( NVDA ) reported fiscal third-quarter results that surpassed Wall Street's estimates as the chipmaker continued to benefit from rising demand for artificial intelligence.

The technology bellwether's adjusted per-share earnings in the three months ended Oct. 26 increased to $1.30 from $0.81 a year earlier. That topped the consensus on FactSet of $1.26. Revenue climbed 62% to $57.01 billion, exceeding the Street's $54.91 billion call.

Data center revenue jumped 66% to $51.22 billion, driven by accelerated computing, AI models and agentic applications, Chief Financial Officer Colette Kress said on the company's website late Wednesday.

The results come at a time when Nvidia ( NVDA ) and other tech stocks tied to AI have come under pressure amid concerns about lofty valuations.

The stock rose 3.9% in after-hours trading on Wednesday.

"Blackwell sales are off the charts, and cloud GPUs are sold out," Chief Executive Officer Jensen Huang said in the earnings statement. "The AI ecosystem is scaling fast -- with more new foundation model makers, more AI startups, across more industries, and in more countries."

Wedbush Securities recently expected Nvidia ( NVDA ) to exceed third-quarter estimates amid robust AI-linked capital spending by hyperscalers.

Nvidia ( NVDA ) projects $500 billion in cumulative 2025 and 2026 revenue from Blackwell and Rubin chips, Huang said late last month.

For the current quarter, the company expects consolidated revenue of $65 billion, plus or minus 2%. The consensus indicates $62.17 billion.

Nvidia ( NVDA ) makes up about 8% of the S&P 500, Saxo Bank said in a report this week.

"Given Nvidia's ( NVDA ) oversized influence on global equity sentiment -- especially across AI, chips and broader tech leadership -- its results could either calm nerves or add a fresh layer of uncertainty," Saxo said in a separate report on Wednesday ahead of the earnings release. "Strong numbers may help reduce volatility by restoring confidence in growth and AI-related themes, while any disappointment could reinforce the cautious tone seen across markets this week."