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Announcement: Nvidia will release its Q3 financial report this week, which will trigger a global chain reaction in AI-related assets.
On November 18, after the market close on Wednesday Eastern Time (Thursday morning Beijing Time), Nvidia is set to release its third-quarter earnings report. The market views it as a barometer for the development of the AI industry, which could trigger a chain reaction of global AI-related assets. Amid growing concerns about the AI bubble in the U.S. stock market, whether the third-quarter earnings performance can alleviate market worries and restore confidence has become the focus. According to market data, Nvidia's market capitalization currently stands at $4.53 trillion, with its stock price reported at $188.6, down over 11% from its high of $212.19. In October, its total market capitalization surpassed $5 trillion, making it the first company in the world to reach this milestone. It is noteworthy that several institutions have recently reduced their holdings in Nvidia, with SoftBank closing all positions to cash out $5.8 billion and Bridgewater reducing its holdings by 65.3%.