NVIDIA's third-quarter performance was impressive, with Bitcoin mining stocks like Cipher and IREN rising after hours.

[NVIDIA's third quarter performance is impressive, with Bitcoin mining stocks like Cipher and IREN rising after hours] On Wednesday, the market continued its downward trend, while this globally highest market capitalization listed company managed to suppress market selling to some extent thanks to its strong quarterly financial report. Nvidia reported third-quarter revenue of $57 billion and expects fourth-quarter revenue to be between $63.7 billion and $66.3 billion, far exceeding the market consensus expectation of $61.98 billion. It is noteworthy that Nvidia's Chief Financial Officer Colette Kress stated during the earnings call that the lifespan of graphics cards (GPUs) is being extended. The positive news from this $4.5 trillion market capitalization company drove its own stock price to rise by 5% and created a ripple effect in the cryptocurrency sector. According to price data from TheBlock, after the price of Bitcoin fell below $89,000 earlier in the day, it had rebounded to around $91,000 as of the time of publication. Meanwhile, despite several Bitcoin mining stocks being in a downtrend at the close of the day, investors still increased their holdings in after-hours trading. Among them, Cipher Mining led the performance, with an after-hours trading increase of over 13%; IREN rose by about 10%, followed closely by Bitfarms, TeraWulf, and CleanSpark, with similar gains; while the largest Bitcoin mining stock by market capitalization, MARA, had a relatively modest increase of about 4%.