Nvidia has reported earnings that exceeded expectations, driven by significant sales of its AI chips. The company's adjusted earnings reached $1.30 per share, surpassing analysts' estimates of $1.26. Revenue soared to $57 billion, a 62% increase year-on-year, exceeding the anticipated $55.4 billion. Nvidia forecasts $65 billion in revenue for the fourth quarter. CEO Jensen Huang noted that sales of the AI Blackwell platform are exceptionally strong and cloud GPUs are sold out.
In other developments, the Dutch government has suspended its intervention in Nexperia following constructive discussions with China. This decision comes after concerns were raised about European economic security and China's reaction, which included halting chip exports.
Additionally, Nasdaq and the Singapore Exchange (SGX) have partnered to launch a Global Listing Board, simplifying dual listings for companies in the US and Singapore. This framework, expected to go live in mid-2026, will enable companies with a market capitalisation of S$2 billion (US$1.5 billion) and above to access capital in both markets using a single set of offering documents.
