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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.
BlockBeats news, on November 18, after the market close on Wednesday Eastern Time (Thursday morning Beijing Time), Nvidia is set to release its third-quarter financial report. The market views this as a barometer for the development of the AI industry and it may trigger a chain reaction in global AI concept stock prices. As concerns about the AI bubble in the US stock market become increasingly intense, whether the third-quarter financial report can ease 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, falling over 11% from its peak of $212.19. In October, its total market capitalization surpassed $5 trillion, becoming the first company in the world to reach this milestone. Notably, several institutions have recently reduced their holdings in Nvidia, including SoftBank, which closed all positions to cash out $5.8 billion, and Bridgewater, which reduced its holdings by 65.3%.