Nvidia(US:NVDA) Xin Lang Cai Jing·2025-11-19 20:00Core Viewpoint - The U.S. stock market showed mixed results as investors await Nvidia's earnings report, which is expected to address concerns over inflated valuations in the AI sector. The Federal Reserve's meeting minutes revealed significant divisions among officials regarding the need for a third consecutive interest rate cut [1][3]. Group 1: Stock Market Performance - The Dow Jones Industrial Average fell by 125.22 points, a decrease of 0.27%, closing at 45,966.52 points. The Nasdaq Composite rose by 68.99 points, an increase of 0.31%, closing at 22,501.84 points. The S&P 500 index gained 5.95 points, up 0.09%, closing at 6,623.27 points [3]. - The Nasdaq has experienced five declines in the last six trading days, while the S&P 500 has set a record for the longest consecutive decline since August [5]. Group 2: Federal Reserve Insights - The Federal Reserve's October meeting minutes indicated serious divisions among officials about the necessity of a third interest rate cut, with the probability of maintaining rates in December rising from approximately 50% to nearly 70% [3][4]. - Some officials expressed concerns that further rate cuts could exacerbate persistent inflation risks and mislead markets regarding the Fed's commitment to its 2% inflation target [4]. Group 3: Nvidia and AI Sector - Nvidia's stock price increased ahead of its third-quarter earnings report, with analysts expecting the company to significantly exceed Wall Street's expectations due to strong demand for AI chips and infrastructure [5][6]. - Nvidia holds an 84% market share in the independent GPU market and has a shipment volume nearly 4.5 times that of its competitor AMD in the PC sector [6]. - The company is a key driver of the global stock market's highs and has influenced the rise of all AI-related stocks. Revenue for the fiscal quarter from August to October is projected to grow by 56% year-over-year, reaching $54.92 billion [6]. Group 4: Other Notable Companies - Memory chip manufacturers experienced a broad rally in stock prices [7]. - Unity Software and Epic Games announced a collaboration to integrate the Unity engine into the game "Fortnite" [8]. - Adobe is nearing a $1.9 billion acquisition of SEO software company Semrush [9].