In a financial market nervous that it had grown too much on AI spending, the NVIDIA earnings report for Q3 2025 was seen by many investors as a make-or-break moment. Analysts were expecting another strong quarter, and NVIDIA exceeded expectations. Its stock rose over 5% after hours, pulling up other semiconductor companies like AMD, Intel, Broadcom, Taiwan Semiconductor Manufacturing Company, or AI providers like Coreweave or Palantir, and the market had a sigh of relief.
Even the Asian markets and European markets were green on Thursday, after Nvidia reported, showing how important these results were for investors, eToro analyst for Romania, Bogdan Maioreanu.
NVIDIA, the world’s most valuable company with a market capitalisation exceeding $4.5 trillion, delivered on top and bottom. “Blackwell sales are off the charts, and cloud GPUs are sold out,” said Jensen Huang, founder and CEO of NVIDIA. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. We’ve entered the virtuous cycle of AI.” This is a recurring cycle of events, the result of each one being to increase the beneficial effect of the next and it is an outcome that companies are looking for in scaling.
The AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries, emphasized by Jensen Huang. “AI is going everywhere, doing everything, all at once.” The success is impressive. NVIDIA is expected to earn more profit this year than Intel and AMD generate in revenue combined. The company expects this to continue with sales of about $65 billion in the January quarter — roughly $3 billion more than analysts predicted, with the prospects that a half-trillion-dollar revenue due in coming quarters may be even bigger than anticipated.
In this context, the market expects that the next growth wave to be powered by Blackwell, Rubin GPUs and the new RTX Pro chips, ramping up faster than expected. This was also confirmed by Colette Kress, Executive VP & CFO, who reiterated visibility into $500 billion Blackwell and Rubin revenue as cloud services are sold out and demand continues to exceed expectations.
The company’s expanding networking business (the technology that connects thousands of AI chips to work together) could become a major profit driver by 2027. Finally, NVIDIA is forging new partnerships in quantum computing, telecom, self-driving cars, and robotics. As for the AI bubble, something that was feared by investors, Jensen Huang said that he sees “something different”. The strong numbers show that investments in AI infrastructure keep rising – from hyperscalers, cloud providers, and governments. That doesn’t seem to point to an AI bubble, but rather to sustained, structural demand.
Investors are closely following AI in general and NVIDIA’s performance as a barometer for the whole ecosystem. NVIDIA was the most held stock on the trading and investing platform eToro at the end of the third quarter. Also, in the latest eToro Retail Investor Beat survey, 38% of Romanian retail investors said that they are interested to invest long-term in the digital transformation theme (that includes AI), 35% in Cryptoassets and digital payments and 32% in Robotics and automation (another field that will benefit from AI development), with 28% looking at clean technologies (like renewable energy, batteries, etc) that are required to power the AI, robotics and crypto universe.
This is why any reference to the AI prospects backed by results is a catalyst for investors’ energies in the market.
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