Nvidia delivered one of the most powerful earnings updates in its history this week, reinforcing its dominance in the global AI boom and signalling that demand for its next-generation processors remains far ahead of supply.The company reported fiscal third-quarter revenue of $57.0bn, beating expectations, with data-centre sales surging to $51.2bn, up 66% from a year earlier. Adjusted EPS came in at $1.30, while gross margin held at 73%+, underscoring Nvidia’s unmatched pricing power across high-end accelerators.Executives struck a notably bullish tone on the call. CFO Colette Kress said Nvidia has visibility to “half a trillion dollars” in Blackwell and Rubin revenue from early 2024 through the end of 2026, unprecedented forward demand for any semiconductor platform. She added that Nvidia expects to remain the “superior choice” for what it believes will become a $3–4 trillion annual AI-infrastructure market by the end of the decade. CEO Jensen Huang further reinforced confidence, saying “Blackwell sales are off the charts” and “cloud GPUs are sold out.”Nvidia also issued a stronger-than-expected forecast, projecting 4Q revenue of roughly $65bn, well above the $62bn consensus. The company’s annual sales are now almost 10 times higher than three years ago, and Nvidia is on track to generate more profit in a year than Intel and AMD generate in revenue combined.Even with its momentum, Nvidia acknowledged ongoing challenges. U.S. export restrictions continue to limit sales into China, and the company said several “sizable purchases” from Chinese customers did not materialise. Still, demand from hyperscalers, sovereign AI buyers and global enterprises remains more than sufficient to absorb any regional weakness.With more than 90% share of the AI-accelerator market and next-gen Blackwell systems ramping in early 2026, Nvidia signalled that the AI-capex cycle remains in full force — showing no sign of the bubble some analysts have warned about. This article was written by Eamonn Sheridan at investinglive.com.