【Morning Update】Nvidia exceeds expectations in 3Q revenue and EPS, stock price falls after hours. Snowflake soars on earnings report.
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Here are the key points of the early morning report today.
●[Tokyo Stock Market Forecast Range] ¥800,000-¥850,000 (closing price on the 20th was ¥835,234)
●[Earnings Flash] Nvidia's revenue and EPS for FY25Q3 exceed estimates. Blackwell will start shipping from Q4.
Mask's xAI valued at $50 billion in new funding round
Snowflake's stock price rises 19% as profits and revenue exceed estimates
Target experiences significant decline following earnings report, profitability affected by inventory build-up
Trump administration transition team considering establishment of new position for cryptocurrency oversight
The U.S. economy, inflation remains the biggest concern = Bowman, FRB Director.
Risk of conflict between President Trump and the FRB is 'very high,' says top economist Blanchard.
moomoo News Kei
●[Tokyo Stock Market Forecast Range] ¥800,000-¥850,000 (closing price on the 20th was ¥835,234)
●[Earnings Flash] Nvidia's revenue and EPS for FY25Q3 exceed estimates. Blackwell will start shipping from Q4.
Mask's xAI valued at $50 billion in new funding round
Snowflake's stock price rises 19% as profits and revenue exceed estimates
Target experiences significant decline following earnings report, profitability affected by inventory build-up
Trump administration transition team considering establishment of new position for cryptocurrency oversight
The U.S. economy, inflation remains the biggest concern = Bowman, FRB Director.
Risk of conflict between President Trump and the FRB is 'very high,' says top economist Blanchard.
moomoo News Kei
Market Overview
The U.S. stock market was mixed. Concerns about geopolitical risks persisted after reports that Ukraine had launched long-range missiles made in the UK into Russian territory, leading to a decline after the opening. However, Dow rebounded towards the end as traders awaited the earnings report of NVIDIA (NVDA), a semiconductor company, and turned higher. Nasdaq also narrowed its losses but failed to return to positive territory.
◇The Tokyo stock market on the 21st is generally pressured by selling, with a high likelihood of the Nikkei Average continuing to decline. However, there is observed demand for buying on dips around the 28000 yen level, limiting the extent of the decline.
◇The Tokyo stock market on the 21st is generally pressured by selling, with a high likelihood of the Nikkei Average continuing to decline. However, there is observed demand for buying on dips around the 28000 yen level, limiting the extent of the decline.
Top News
[Earnings Flash] Nvidia's revenue and EPS for FY25Q3 exceed financial estimates, Blackwell will start shipping from Q4.
$NVIDIA (NVDA.US)$Announced the financial results for the third quarter of the 2025 fiscal year (August-October quarter).
● Revenue increased by 94% year-on-year to 35.1 billion dollars, exceeding the expected 33.21 billion dollars.
● The sales outlook for the fourth quarter (November-January quarter) is $37.5 billion (±2%), exceeding the expected $37.09 billion.
● Production and shipment of Blackwell will begin in FYQ4 and continue to expand in FY26.
● Hopper and Blackwell systems face constant supply constraints, and Blackwell's demand is expected to exceed supply in the fourth quarter of 2026.
Related Articles
・Nvidia traded weaker after earnings outside trading hours, with some dissatisfaction with revenue forecasts, but generally strong guidance when viewed normally.
・Nvidia's CFO, Blackwell, has 'amazing' demand.
[Earnings Flash] Nvidia's revenue and EPS for FY25Q3 exceed financial estimates, Blackwell will start shipping from Q4.
$NVIDIA (NVDA.US)$Announced the financial results for the third quarter of the 2025 fiscal year (August-October quarter).
● Revenue increased by 94% year-on-year to 35.1 billion dollars, exceeding the expected 33.21 billion dollars.
● The sales outlook for the fourth quarter (November-January quarter) is $37.5 billion (±2%), exceeding the expected $37.09 billion.
● Production and shipment of Blackwell will begin in FYQ4 and continue to expand in FY26.
● Hopper and Blackwell systems face constant supply constraints, and Blackwell's demand is expected to exceed supply in the fourth quarter of 2026.
Related Articles
・Nvidia traded weaker after earnings outside trading hours, with some dissatisfaction with revenue forecasts, but generally strong guidance when viewed normally.
・Nvidia's CFO, Blackwell, has 'amazing' demand.
Mr. Musk's xAI has been valued at $50 billion in a new round of funding.
Entrepreneur Elon Musk's artificial intelligence (AI) startup xAI raised $5 billion (about ¥771 billion) in a funding round, valuing the company at $50 billion, which is more than double the valuation from a few months ago.
Entrepreneur Elon Musk's artificial intelligence (AI) startup xAI raised $5 billion (about ¥771 billion) in a funding round, valuing the company at $50 billion, which is more than double the valuation from a few months ago.
Snowflake's profits and revenue exceeded expectations, causing the stock price to rise 19% after hours.
$Snowflake (SNOW.US)$The performance in the third quarter of the fiscal year 2025 (August-October) showed increased revenue, while operating losses expanded. In addition, there were announcements of a partnership with Amazon's Anoploptic and the acquisition agreement of the startup Datavolo.
$Snowflake (SNOW.US)$The performance in the third quarter of the fiscal year 2025 (August-October) showed increased revenue, while operating losses expanded. In addition, there were announcements of a partnership with Amazon's Anoploptic and the acquisition agreement of the startup Datavolo.
Target's earnings were significantly impacted by the announcement of its results, causing a sharp decline due to the increase in inventory affecting profitability.
The second-largest discount store, $Target (TGT.US)$plunged significantly. Before the start of trading, it announced the earnings for the 8th to 10th months (3rd quarter), which fell below expectations in both existing store revenue and total revenue. Additionally, the per-share earnings also fell well below expectations. Guidance was also provided, with per-share earnings for the fourth quarter of the year-end sales falling below expectations, and the full-year per-share earnings outlook being revised downward.
The second-largest discount store, $Target (TGT.US)$plunged significantly. Before the start of trading, it announced the earnings for the 8th to 10th months (3rd quarter), which fell below expectations in both existing store revenue and total revenue. Additionally, the per-share earnings also fell well below expectations. Guidance was also provided, with per-share earnings for the fourth quarter of the year-end sales falling below expectations, and the full-year per-share earnings outlook being revised downward.
Trump administration transition team considers establishing a new position for cryptocurrencies(Japanese-related stocks)
The transition team of the future Trump administration is reportedly discussing with industry insiders whether to create a dedicated position for cryptocurrency policies. Advocates for cryptocurrencies are urging for the establishment of a dedicated position within the administration to facilitate direct communication with Mr. Trump.
The transition team of the future Trump administration is reportedly discussing with industry insiders whether to create a dedicated position for cryptocurrency policies. Advocates for cryptocurrencies are urging for the establishment of a dedicated position within the administration to facilitate direct communication with Mr. Trump.
US economy, inflation remains the biggest concern = Bowman, FRB Director
Michelle Bowman, a Director of the Federal Reserve Board (FRB), stated on the 20th,InflationIndicated that the trade war remains the biggest concern for the US economy and claimed that a cautious stance on additional rate cuts is necessary.
Michelle Bowman, a Director of the Federal Reserve Board (FRB), stated on the 20th,InflationIndicated that the trade war remains the biggest concern for the US economy and claimed that a cautious stance on additional rate cuts is necessary.
Top economist Blanchard stated that the risk of confrontation between President Trump and the Federal Reserve is "very high".
According to Market Watch, former International Monetary Fund (IMF) Chief Economist Olivier Blanchard stated at a conference hosted by the Peterson Institute for International Economics, where he serves as a senior fellow, that the risk of confrontation between the Trump administration and the Federal Reserve is extremely high. He also mentioned that President Trump's economic policies could lead to an overheated economy with rising inflation rates, likely prompting the Federal Reserve System (FRB) to respond with interest rate hikes.
According to Market Watch, former International Monetary Fund (IMF) Chief Economist Olivier Blanchard stated at a conference hosted by the Peterson Institute for International Economics, where he serves as a senior fellow, that the risk of confrontation between the Trump administration and the Federal Reserve is extremely high. He also mentioned that President Trump's economic policies could lead to an overheated economy with rising inflation rates, likely prompting the Federal Reserve System (FRB) to respond with interest rate hikes.
Foreign exchange
Key Market Events
November 21st (Thursday)
Inauspicious day, 19.6 days old in the lunar month
6 wins and 4 losses (Yin-Yang Starpick of the Nikkei Average for the past 10 years)
November 21st (Thursday)
Inauspicious day, 19.6 days old in the lunar month
6 wins and 4 losses (Yin-Yang Starpick of the Nikkei Average for the past 10 years)
Domestic
□ Status of securities transactions with foreign and domestic partners (8:50)
□ October shipment value of white goods (10:00)
□ October food supermarket revenue (13:00)
□ 20-year government bond auction
□ Beaujolais Nouveau release
□ Status of securities transactions with foreign and domestic partners (8:50)
□ October shipment value of white goods (10:00)
□ October food supermarket revenue (13:00)
□ 20-year government bond auction
□ Beaujolais Nouveau release
Overseas
Initial jobless claims in the USA (22:30)
Philadelphia Fed Manufacturing Index for November in the USA (22:30)
Conference Board Leading Economic Index for October in the USA (0:00 on the 22nd)
Existing Home Sales in the USA for October (0:00 on the 22nd)
Consumer Confidence in the Eurozone for November (0:00 on the 22nd)
South African Reserve Bank announcing policy rate
Turkish Central Bank announcing policy rate
Initial jobless claims in the USA (22:30)
Philadelphia Fed Manufacturing Index for November in the USA (22:30)
Conference Board Leading Economic Index for October in the USA (0:00 on the 22nd)
Existing Home Sales in the USA for October (0:00 on the 22nd)
Consumer Confidence in the Eurozone for November (0:00 on the 22nd)
South African Reserve Bank announcing policy rate
Turkish Central Bank announcing policy rate
Overseas Earnings
[USA] Intuit/[CN] pdd holdings, baidu
[USA] Intuit/[CN] pdd holdings, baidu
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Adviser, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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