The US stock market's three major indices saw mixed results. Nvidia's earnings report exceeded market expectations, indicating that AI demand remains strong, but Nvidia's stock price fell slightly by 1% after hours. MicroStrategy, a company that claims to be a Bit developer, has been very active recently, issuing bonds and stocks to buy more Bit. Bit reached a new high of $94,831 last night.
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ToggleNvidia's earnings report exceeded expectations, AI demand remains strong
Nvidia (Nvidia) released its third-quarter financial report after the US stock market closed. Both sales and earnings exceeded expectations, and its forecast for the current quarter was also better than expected. Nvidia is continuing to grow rapidly, and demand for its powerful AI chips remains high.
Customers such as Microsoft, Oracle, and OpenAI have already started receiving Blackwell's AI chips. Nvidia's Chief Financial Officer Colette Kress said in a conference call with analysts that 13,000 chip samples have been shipped to customers. Nvidia CEO Jensen Huang said in a statement that Blackwell has "gone into full production".
However, the market still seems unsatisfied with Nvidia's (NVDA) impressive financial report, with the stock closing down 0.76% at $145.89 per share and falling 1% after the report was released.
MicroStrategy issues convertible bonds again, Bit reaches new high
Bit developer MicroStrategy (MicroStrategy) has made another move recently, spending $4.6 billion to buy more than 50,000 Bit within a week, bringing its total holdings to over 330,000 Bit, accounting for 1.5% of the global Bit supply.
MicroStrategy has also announced the issuance of $2.6 billion in 0% interest convertible bonds to raise funds to buy more Bit.
While the US stock market was cautiously waiting for Nvidia's earnings report, Bit continued to set new highs, reaching a peak of $94,831 last night.
ETH remains weak
Ethereum, on the other hand, remains weak, still hovering above $3,000, and the ETH/BTC ratio has fallen nearly 40% so far this year, reaching a relative low of 0.3274.
Last week's Devcon held in Bangkok was an eye-opener for the author, with vibrant exchanges and interactions among Ethereum development teams from around the world. The ABMedia team was also fortunate to shake hands and chat with Ethereum co-founder Vitalik. Aya Miyaguchi, Executive Director of the Ethereum Foundation, emphasized at Devcon SEA that this annual event is not just a technical conference, but an experience that showcases the depth and diversity of Ethereum culture.
However, faced with the weak price performance of Ethereum, Web3 brand company member Kristel also shared insightful views on Ethereum's marketing needs, emphasizing that marketing is not only an important means of promoting technological adoption, but also a key to shaping culture and values.
