Nvidia's financial report exceeds expectations, MicroStrategy issues bonds again, BTC hits a new high of 94K

The three major US stock indexes rose and fell alternately. Nvidia’s financial 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 developed with BTC, has been very active recently, issuing bonds, issuing stocks, and then buying BTC. BTC reached a high of $94,831 last night, setting a new record.

NVIDIA’s financial report exceeded expectations, AI demand remains strong

Nvidia announced its third-quarter financial report after the US stock market closed, with sales and revenue exceeding expectations, while its forecast for this quarter is better than expected. Nvidia continues to grow rapidly, and demand for its powerful AI chips remains high.

Customers such as Microsoft, Oracle, and OpenAI have begun to receive Blackwell’s artificial intelligence chips. Nvidia CFO Colette Kress stated on 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 is “fully engaged in production”.

However, the market seems to be still unsatisfied with its impressive financial report, and Nvidia (NVDA) fell 0.76% to $145.89 per share at the close, and fell 1% after the announcement of the financial report.

MicroStrategy reissues convertible bonds, Bitcoin reaches new high

BTC development company MicroStrategy recently made another move, spending 4.6 billion US dollars to buy more than 50,000 BTC within a week, with a total holding of over 330,000 BTC, accounting for 1.5% of the total global BTC supply.

(MicroStrategy invests another 4.6 billion pounds to buy BTC: Holdings exceed 330,000, calling on Buffett and Microsoft to join in)

MicroStrategy announces issuance of convertible bonds with 0% interest to raise $2.6 billion for buying BTC.

While the US stock market is cautiously awaiting Nvidia’s financial report, BTC continues to reach new highs, reaching as high as $94,831 last night.

ETH continues to be weak

Ethercoin continues to be weak, still hovering above $3,000, with ETH/BTC down nearly 40% year-to-date, reaching a relative low of 0.3274.

Last week’s Devcon in Bangkok was an eye-opening experience for the author. Ethereum development teams from around the world interacted with great vitality at the venue. The Chain News team also had the privilege of shaking hands and exchanging greetings with Vitalik, the founder of Ethereum. Aya Miyaguchi, Executive Director of the Ethereum Foundation, emphasized at Devcon SEA that this annual event is not only a technical conference but also an experience that showcases the depth and diversity of Ethereum culture.

(Ethereum Devcon SEA: The most grand and diverse event in the eyes of the Ethereum Foundation directors)

However, facing the weak price trend of Ethercoin, Kristel, a member of the Web3 brand company, also expressed profound insights into the marketing needs of Ether, emphasizing that marketing is not only an important means to promote technological popularization, but also a key to shaping culture and values.

(ETH Lack of marketing is not moving up? Web3 expert Kristel: Marketing is the key to popularization, not choice)

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