Nvidia Earnings Smash Expectations and Ignite AI Stocks Across the Board

Nvidia delivered another blockbuster quarter on Wednesday, easily beating Wall Street expectations and setting the stage for what traders are already calling a Nvidia earnings breakout heading into 2025. Shares surged in after-hours trading as the company once again proved that AI demand remains insatiable.

Blowout Numbers Across the Board

For the October quarter, Nvidia reported adjusted earnings of $1.30 per share, beating the $1.26 consensus. Revenue hit $57 billion, topping expectations for $54.9 billion. It was another monster quarter driven almost entirely by AI chips and data center demand.

Nvidia’s data center business — now the core of the company — grew 66% year over year to $51.2 billion, surpassing analyst models and reinforcing why the Nvidia earnings breakout narrative is dominating tech markets.

Guidance: Simply No Slowdown in Sight

Nvidia projected midpoint January-quarter revenue of $65 billion, well ahead of the $62.2 billion consensus.

Even more remarkable: CFO Colette Kress noted this guidance assumes zero revenue from China due to export restrictions. That means upside remains if any allowances or exceptions are granted in early 2025.

AI Demand Is Still “Sold Out”

CEO Jensen Huang made it clear that the AI boom is far from over. Blackwell GPU demand is overwhelming supply, and cloud providers continue to bid aggressively for any available compute capacity.

“Blackwell sales are off the charts, and cloud GPUs are sold out. We’ve entered a virtuous cycle of AI.”
— Jensen Huang, Nvidia CEO

With enterprises adopting AI far faster than expected, and agentic AI applications emerging as a new growth catalyst, the Nvidia earnings breakout trend is likely to extend into 2025 and beyond.

Addressing GPU Depreciation Concerns

Some analysts have questioned whether AI chips depreciate too quickly to justify massive data center spending. Nvidia pushed back hard: Kress emphasized that CUDA compatibility extends the life of GPUs far longer than typical hardware cycles.

“A100 GPUs we shipped six years ago are still running at full utilization today,” she said — another reason the Nvidia earnings breakout story remains intact.

Market Reaction and AI Stock Moves

Nvidia shares jumped 4.7% in after-hours trading. Other AI stocks followed:

AMD initially traded higher before pulling back slightly
Alphabet gained over 3%
Palantir traded higher before retracing

Traders are now positioning for continuation setups across the AI sector, as the Nvidia earnings breakout provides macro-level confirmation that the AI cycle remains intact.

Trading Insights for NVDA and Related AI Names

📈 Nvidia (NVDA)

Watch for an Opening Range Breakout above premarket highs
Gap-and-go potential if volume accelerates during first 15 minutes
Strong support zones: $178 → $182

📈 AMD (AMD)

Likely to piggyback off Nvidia momentum
Fades or reversals at key pivots ($226, $232) could offer intraday scalp setups

📈 Palantir (PLTR)

Remains a high-beta AI sympathy play
Look for VWAP reclaim trades on morning weakness

📈 Alphabet (GOOGL)

Strong response to Nvidia’s results reinforces AI advertising & cloud thesis
Breaks above $295 could trigger a multi-day continuation move

Bottom Line

This quarter wasn’t just another beat — it was confirmation that AI demand remains extraordinarily strong, GPU supply remains sold out, and hyperscalers are accelerating their infrastructure spending into 2025.

The Nvidia earnings breakout isn’t just about Nvidia — it’s a rising tide for the entire AI ecosystem.

For traders, today’s report offers a clear message: AI momentum trades remain alive, well, and tradable.