Nvidia (NVDA) stock jumped over 4% afterhours on Wednesday after the company delivered a beat to fiscal third-quarter earnings. The AI chip powerhouse reported $1.30 in adjusted earnings per share (EPS) on $57 billion in revenue, up 63% YoY.

NVDA shares closed the regular session at $186.52 but surged above $193 afterhours.

Wall Street had projected that Nvidia would earn $1.26 per share in adjusted EPS on $55.09 billion.

Blackwell sales are off the charts, and cloud GPUs are sold out,” said CEO Jensen Huang. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. We’ve entered the virtuous cycle of AI.”

Data Center segment revenue took up the lion's share of sales as expected, reaching $51.2 billion in Q3, up 66% from a year earlier.

Gross margins for the third quarter were close to 73%, but management expects that they reach 75% in Q4.

For Q4, Nvidia guided for $65 billion in revenue, well above the $61.8 billion consensus.