???? Nvidia’s Q3 Earnings Ride: Hold Tight!

Hala,

???? Britain is outraged: the price of King Charle’s coronation ceremony is estimated at ￡72m!(1) That’s one expensive hat party! Meanwhile, kids can’t afford school lunches—priorities, right? ????

amana’s Take

• Jobs, homes, and hawkish hints.?The USD flexed its muscles, hitting highs not seen since October 2023. What’s behind the surge? A cocktail of strong U.S. data—initial jobless claims dipped to 213,000, and existing home sales rose 3.4%—plus some hawkish chatter from the Fed. Futures took a breather, with U.S. stock indices inching lower, while the 10-year Treasury yield stayed calm at 4.4%.
• Over in Japan, inflation cooled to 2.3%, and Tokyo announced a $90 billion stimulus to ease household pain. The result? USD/JPY climbed near 155.00, leaving the yen looking less samurai and more sushi roll. Across the Atlantic, the euro and pound couldn’t catch a break, sliding to 1.0470 and below 1.2600 against the dollar.
• Down Under, the story wasn’t much brighter. Australia’s Composite PMI slipped below the crucial 50-mark to 49.4, signaling contraction and pushing AUD/USD under 0.6500. The message is clear: the greenback is on a winning streak, leaving rivals gasping for air.

???? The Dow soared 1.06%, to 43,870.35, leading the charge as investors rotated from tech to cyclicals amid hopes of an accelerating economy. The S&P 500 climbed 0.53% to 5,948.71, while the Nasdaq 100 edged up 0.36% to 20,740.78, with Nvidia slipping post-earnings.(2) ????

???? Meanwhile, Dubai’s benchmark dropped 1.1%, retreating from a decade high, while Abu Dhabi’s index slid 0.6%, with losses across key sectors like real estate and retail.(3) ?????

???? Nvidia’s Seesaw of Silicon

Like a rollercoaster ride at a tech theme park, Nvidia's shares bounced and buckled Thursday, mirroring the market's digestion of its Q3 earnings. The chip-making giant delivered a stunning performance with sales climbing 94% year-on-year to $35.08 billion.(4) But as traders strapped in for the ride, some couldn’t help but feel the whiplash of fluctuating expectations. Is this the pinnacle of Nvidia’s AI-fueled success, or just the beginning of an epic ascent? ????

??? Tech Hits and Misses:

• Revenue Rocket: $35.08 billion, beating predictions of $33.16 billion.
• Earnings Encore: EPS hit 81 cents adjusted, exceeding expectations.
• Sector Spillover: AMD dipped 1%, but Qualcomm and Intel got a 1%+ boost.
• Growth Gear Shift: Sales surged, but Q3 growth slowed compared to Q2 (122%) and Q1 (262%).
• GPU Mania: Nvidia’s GPUs power the hottest AI models like ChatGPT, setting the gold standard. ???

???? Next Stop: Blackwell Brilliance?

With the much-anticipated launch of its next-gen chip, Blackwell, Nvidia’s CEO Jensen Huang hinted at supply struggles due to unprecedented demand. Analysts see promise but also caution. As one tech guru put it, Nvidia faces the high-stakes challenge of meeting “insane” expectations every quarter. Will Nvidia’s silicon seesaw settle into smooth sailing—or will it tumble as the market recalibrates its lofty hopes? ????

?

In the Neighborhood?

• ?? Lulu Retail cashed in big: $35.1M net profit in Q3, up 126% YoY—guess those sales were really hyper!(5)????
• ?? Kuwait’s US Treasury stash hit $48.52B in September, the highest in 21 months—talk about bonds that stick!(6) ????
• ?? According to Moody’s, GCC companies are thriving with strong demand, tech investments, and declining rates—ADNOC and pals are riding the growth wave like pros!(7)? ?????

What Else Is Trending

• ??? Oil prices got a boost—Brent hit $74.23 (+1.95%) and WTI $70.10 (+2%)—Russia-Ukraine tensions kept markets sweating, while U.S. crude stocks added 545,000 barrels.(8) Drama, anyone? ????
• ? Gold shone at $2,670.13 (+0.68%), hitting a 1-week high as investors rushed to safety amid Nvidia’s meh forecast and Russia-Ukraine tensions.(9) ????
• ?? Alphabet tumbled 6% as the DOJ turned up the heat, pushing Google to part ways with Chrome(10)—looks like the browser’s incognito mode isn’t fooling anyone. ?????

??Quote of the Day

"There’s considerable risk in this name (Nvidia) at the moment. But it’s exciting.” — William de Gale, lead portfolio manager of BlueBox Asset Management’s global technology fund

?

amana.app

Sources::(1)The Guardian, (2) Market Watch, (4)(10) CNBC, (3) (5) (6) (7) Zawya, (8) (9) Reuters