Nvidia's quarterly earnings once again exceeded Wall Street's expectations 🚀🚀
The main reason is the surge in demand for semiconductors used to support artificial intelligence applications.
The company expects further revenue growth for the quarter ending in late January. Investors will focus on whether the demand for the company's next-generation artificial intelligence chip named 'Blackwell' can help maintain its strong growth momentum.
The financial report shows that Nvidia's total revenue in the third quarter reached $35.08 billion, a year-on-year increase of 94%, exceeding analysts' expectations of $33.1 billion. Under the Generally Accepted Accounting Principles (GAAP) in the USA, net income was $19.309 billion, a year-on-year increase of 109%, and adjusted earnings per share (EPS) were $0.81, both exceeding market expectations!
Currently, AI is one of the most important competitions in the global technology field, and has already entered a phase of resonance between "cloud-side and edge-side" and "inference and training".
Huang Renxun said in a statement: As the base model manufacturers expand the scale of pre-training, post-training, and inference, the demand for Hopper and the expectations for Blackwell (already fully operational) are incredible!
Chief Financial Officer Colette Kress stated that AI GPUs will begin shipping this quarter and gradually hit the market next year.
She added: 'Both Hopper and Blackwell systems have certain supply issues, with expectations that in several quarters of the 2026 fiscal year, Blackwell...

On Sunday, November 17, bitcoin remained stable above $90,000. Since November 12, bitcoin has flirted with this number several times. However, the leading cryptos are still in the price discovery phase, occupying only 0.0691% of the entire universe.
Price Discovery Action: Bitcoin dancing around $90,000.
Five days ago, bitcoin (btc) reached $93,483 per coin, marking its highest ever USD valuation. This milestone firmly places BTC in price discovery mode - at this stage, new highs redefine boundaries, and the market actively determines the value of cryptos through intense tug of war between buyers and sellers.
At 12:46 PM, the BTC/USD price on Bitstamp. Eastern Time, Sunday, November 17, 2024.
Many speculate that bitcoin may follow its historical pattern, dropping 75% to 80% after reaching the all-time high (ATH). If $93,483 is indeed the ATH, this downturn could drag BTC to around $23,370. Meanwhile, others are predicting huge targets, ranging from $0.1 million to $0.25 million. For example, a rise of bitcoin to $0.15 million could lead to a correction to $37,500.
Similarly, a peak of $0.2 million could mean a drop to $0.05 million and reaching $0.25 million could eventually get close to $62,500. Bitcoin (btc) has already...

UBS Group indicates that gold is in a major buying range when the price is falling, expecting stable growth and suggesting a 5% allocation in a balanced investment portfolio.
UBS Group issues a warning: What maintains the stable value of gold under the new leadership in the USA?
Global investment bank UBS Group released a report on Monday, emphasizing that despite speculators shifting towards stocks after the U.S. presidential election, the enduring value of gold as a hedge tool still exists. While the market is performing optimistically, UBS Group warns that there is still high policy uncertainty under the new government leadership.
The report points out that the downward trend of the US dollar and treasury yields may support the rise in gold prices in the coming months:
The key is that the fundamental support for the demand for gold as a hedging and diversification investment tool remains very solid.
UBS advises investors to remain cautious, pointing out the uncertainty of new government policies. UBS explains in detail: "Investors need to remember that Trump's policy agenda still has many unknowns, including which existing policies may be reversed. This uncertainty is highly dual-sided, especially in a situation where markets are pricing risks unevenly. Investors should continue to hold gold as a portfolio hedge tool for the following reasons."
This volatility emphasizes the importance of holding gold as a core portfolio hedge tool. UBS added several key reasons for holding gold. "First, with the Fed further cutting interest rates, funds flowing into gold-backed exchange-traded funds are expected to continue," the bank said. "Second, long-term risks (such as a sharp increase in the US fiscal deficit) and...

The Ukraine war will end soon.
I believe there will be something like the former East and West Germany.
Something like East and West Ukraine will emerge.
…………
European Union rotating presidency country, Hungarian Prime Minister Orban said
If Trump withdraws US aid to Ukraine in the new term, Europe will not be able to provide the necessary financial support for Ukraine's war independently.
Orban said that it shows that Ukraine is losing this war.
Trump's election victory means "the world is changing," calling on europe to adjust its position based on the political trend, including assistance to Ukraine and sanctions against Russia.

Trump is the President of the United States again.
Currently, the Senate has been taken over by the Republicans.
If the House of Representatives is also taken over by the Republicans.
Then it can be said that the Republicans have won a major victory.
Currently, it seems very likely that the House of Representatives will be taken over by the Republican Party.
If it is truly a comprehensive governance.
Then Trump can easily implement any policies he wants.
Without the Democratic Party to check the Republican Party.
There is a high probability that Trump's declaration will be realized soon.
Significant tax cuts, deregulation, substantial reduction in federal government spending, and increased tariffs, etc.

Author Robert Kiyosaki, from 'Rich Dad Poor Dad,' revealed his reasons for trusting Bitcoin and advocated for the 'Bitcoin standard,' sharing a bold vision for the future of currency.
Why I like Bitcoin: Kiyosaki reveals his confidence in the new financial standard.
Author Robert Kiyosaki of 'Rich Dad Poor Dad' expressed strong support for Bitcoin as an alternative to traditional currencies, promoting it as a pathway to economic prosperity. 'Rich Dad Poor Dad' was written in 1997 by Kiyosaki and Sharon Lechter, earning global acclaim, staying on the New York Times bestseller list for over six years, selling over 32 million copies, translated into 51 languages, and sold to 109 countries.
In a post on social media platform X on November 1st, Kisaki compared the potential of bitcoin to promote economic affordability with what he perceives as the limitations of legal tender. He explained: "When there is abundant currency... the products of life... become abundant and cheap. That's why I like bitcoin and life. When currency becomes scarce and expensive... the price of life as well as the richness of life also increase." This influential author continues to say:
I support the standard of living with bitcoin... because I enjoy the abundance and low prices of life for everyone (not just the wealthy).
At the end of the post, he calls for action and asks, "I vote for the 'bitcoin standard.' What will you vote for?"
"Bitcoin Standard" is the book written by economist Saifedean Ammous in 2018...

As the 2024 USA presidential election approaches, investors are increasingly allocating large sums of money into bonds and bitcoin, marking a clear shift in asset preferences, according to CNBC citing Yuri Seliger, a credit strategist at Bank of America.
Prior to the 2024 election, investors are favoring bonds and bitcoin in a strategic shift.
According to CNBC reports, Yuri Seliger pointed out that bond purchases increased significantly last week, with investments in "high-grade" bonds exceeding 6 billion USD, reaching the highest level in two months. He added that high-yield credit funds are also experiencing a significant inflow of funds, primarily driven by exchange-traded funds (ETFs).
Meanwhile, equity funds saw a slight outflow during the same period, reflecting a cautious shift towards less volatile options. Strong demand for various types of bonds, including investment-grade corporate bonds, municipal bonds, and long-term government bonds, indicates that investors are rebalancing rather than withdrawing.
In another development, CNBC reported that the Ishares Bitcoin Trust ETF (IBIT) is attracting explosive interest. Blackrock's IBIT ETF has attracted over 2 billion USD in one week, including a record-breaking 0.87 billion USD inflow in a single day. Bitcoin ETFs have attracted over 23 billion USD since January, highlighting the growing attractiveness of cryptocurrencies as alternative assets.
Blackrock's observation highlights a broader appetite for assets seen as safe value stores in the face of rising economic uncertainties and geopolitical concerns leading up to the upcoming elections. Similarly...

Jp morgan chase analyst said that with the possible victory of Trump, the retail demand for bitcoin and gold may surge, despite institutions investors remaining cautious in overbought futures.
Will bitcoin and gold prices be ready to rise? Jp morgan chase weighs the potential driven by Trump.
JPMorgan Chase analysts led by Managing Director Nikolaos Panigirtzoglou stated in a report on Wednesday that a victory by Donald Trump in the upcoming US presidential election could increase retail interest in bitcoin and gold. They pointed out:
Retail investors seem to be more aggressively engaging in 'depreciation trades' by buying bitcoin and gold ETFs.
They have observed significant retail activities not only in bitcoin and gold exchange-traded funds (ETFs), but also in the 'market cap exceeding memes and artificial intelligence tokens'.
Analysts emphasize the significant increase in the inflow of bitcoin ETFs, with retail investors adding 1.3 billion USD in just two days, bringing the total to 4.4 billion USD in October - the third highest monthly inflow since January. Despite this increase, institutional investors remain more cautious. Analysts warn, 'Bitcoin BTC +0.39% futures have been overbought, leading to some future vulnerabilities.' They point out a slowdown in institutional demand for bitcoin futures. Similarly, as retail investors actively purchase gold ETFs, institutions show a noticeable pause in interest in gold futures.

Warren Buffett continues to sell a large amount of Apple stocks.
Berkshire Hathaway sold 100 million shares of Apple in the third quarter.
As a result, Buffett's company reduced its shareholding by 25%.
Following a nearly 50% reduction in the second quarter.
Berkshire's overall shareholding in apple
Has now dropped by about two-thirds
Buffett's shareholding reduction in stocks should be due to high valuation.
The biggest possibility is if Harris wins.
I'm afraid all unrealized gains will be subject to a 25% tax.

On Tuesday, the price of bitcoin surged to $73,500, as the afternoon momentum even pushed higher bitcoin.
With the dominance of bitcoin, the crypto market is heating up.
The crypto star maintained its pace on October 29th, reaching $73,600 on Bitstamp by 3 p.m. Eastern Time in the USA. With this rise, bitcoin's market cap reached $1.44 trillion, accounting for over 58% of the total $2.46 trillion crypto economy. Bitcoin's 24-hour trading volume soared to $65.38 billion, exceeding the entire crypto market of $113 billion.
Today, USDT, USD, FDUSD, USDC, KRW, and EUR are leading the way as the most active BTC trading pairs. According to statistics from coingecko.com, Binance and Coinbase rank at the top of bitcoin exchange exchanges. Futures trading is also booming; as reported by coinglass.com, open interest is set to rise to $44.15 billion. QCP Capital attributes the gains in bitcoin to various factors, especially the strong inflow of nearly $1 billion into spot ETFs last week.
QCP analysts revealed that Emory University recently invested $15 million in Grayscale Bitcoin Trust fund, marking a new turning point. This signifies the first known university endowment fund investment in digital assets, showcasing growing interest from traditional conservative funds. The headquarters of this fund...