NVIDIA Q3 Financial Report: Revenue Reached $35.1 Billion, Profit Reached $19.3 Billion, Exceeding Market Expectations

NVIDIA's third-quarter financial report shows that revenue was $35.1 billion, a 17% quarter-over-quarter growth, exceeding analysts' forecasts. Profit reached $19.3 billion, also surpassing expectations. Among these, revenue from the data center business was $30.8 billion, a 112% year-over-year increase, while revenue from the gaming business was $3.3 billion. Net profit reached $19.31 billion, with market expectations at $16.93 billion. NVIDIA expects fourth-quarter revenue to be around $37.5 billion, indicating high demand for the next generation of artificial intelligence chips.

However, there hasn't been much of a rebound in the entire AI sector, with declines instead of increases. Previous expectations for rebounds in WLD, including ACT or GOAT, did not materialize as anticipated. GOAT only saw a slight rise in the five minutes following the earnings report, and ACT, another AI and meme-related token, has fallen below a relatively high point of 0.5.

Overall, there haven't been any notable movements in AI concept coins. I initially thought WLD would see some increases, but it surprisingly remained stagnant. Although this financial report exceeded expectations, it seems to have had little impact on the cryptocurrency market.