Nvidia Corp. (NASDAQ:NVDA) delivered a blowout third-quarter earnings report after the bell on Wednesday, sharply beating Wall Street expectations and issuing bullish guidance that reaffirmed its dominance in the AI hardware space.

According to Benzinga Pro, the world’s biggest company posted revenue of $57.01 billion, surpassing the $54.88 billion Street consensus. At the same time, earnings per share came in at $1.30, topping expectations of $1.25 and marking a 60.5% year-over-year increase.

Gross margin stood at 73.6%, and operating income reached $37.75 billion, for an operating margin of 66.2%, both among the highest in the S&P 500.

But the story wasn't just about the beat. It was about what comes next.

"We believe Nvidia has a sustainable model advantage over peers in AI training applications," wrote Goldman Sachs analyst James Schneider, in a Thursday note, adding that the company addressed "several key investor questions" that had been pressuring the stock in recent weeks.

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