Nvidia crushes Q3 earnings, shares soar

Graphics chipmaker Nvidia blew past its third quarter earnings targets Thursday after the bell. What’s Hot on ZDNet The company posted record-revenue for the quarter, thanks to strong sales of Nvidia’s new Pascal GPUs. Nvidia co-founder and CEO Jen-Hsun Huang said the GPUs are fully ramped and rolling out in gaming, VR, self-driving cars and datacenter AI computing applications. “We have invested years of work and billions of dollars to advance deep learning. Our GPU deep learning platform runs every AI framework, and is available in cloud services from Amazon, IBM, Microsoft and Alibaba, and in servers from every OEM. GPU deep learning has sparked a wave of innovations that will usher in the next era of computing,” he said. As for the numbers, Nvidia reported a net income of…


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