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Top stories today:
- NVIDIA beats expectations: revenue +62% to $57B, net income +65%
- Meta said to partner with LeCunās new startup as he plans exit
- Trump said to sign order Fri. to block state AI laws
- Coinbase said to launch prediction market powered by Kalshi
- Luma AI lands $900M from Saudiās Humain at $4B valuation
- Suno jumps to $2.45B with $250M raise, $200M annual revenue
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. NVIDIA beats expectations: revenue +62% to $57B, net income +65% to $31.9B in Q3 FY26
$54.92B in Q3 revenue was estimated by analysts.
+66% YoY in data center sales to $51.2B, surpassing the $49.09B analystsā expected.
$43B in revenue was specifically for ācomputeā alone.
$8.2B came from networking and components that allow GPUs to operate as large systems.
Blackwell Ultra is now NVIDIAās best-selling chip family, CFO Colette Kress said.
+32% in Q3 automotive and robotics sales to $592M.
āDisappointedā for not being able to ship to China the current-gen. Blackwell chips, NVIDIA said.
NVIDIA has planned to spend $26B on renting cloud servers over six years, doubling prior commitments.
NVIDIAās quarterly revenue has continued to climb in recent quarters
Q4 FY26 revenue projected at $65B, vs. $61.66B expected.
NVIDIA stock +4% in extended trading on strong guidance.
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3. Meta said to partner with LeCunās new startup as he plans 2025-end exit
Yann LeCun has announced his exit through a memo shared with Meta colleagues.
Meta āwill be a partner of the new company and will have access to its innovation,ā LeCun said.
The startup will focus on āAdvanced Machine Intelligence,ā trained on visual and other sensory information, he said.
It would allow the tech to make predictions about the physical world.
4. Trump said to sign order Fri. to block state AI laws
Representational image generated using ChatGPT.
