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NVIDIA Q3 Revenue Update: Strong Networking and Hopper Sales Offset Low H20 Demand, Blackwell/Rubin Revenue Visibility Projected at $500B

Thursday, November 20, 2025 at 08:12 AM

NVIDIA's third-quarter report showed networking revenue grew 162% year-over-year to $8.2 billion, with the Hopper platform contributing $2 billion, while the China-specific H20 chip generated only $50 million. The company also provided a forward-looking claim of visibility to $500 billion in total revenue from its Blackwell and future Rubin product lines between early this year and the end of 2026, with the Rubin ramp slated for the second half of 2026.

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