Nvidia(US:NVDA) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-20 01:57Group 1 - The Hong Kong stock market opened higher on November 20, with the technology sector showing active performance [1] - The Hong Kong Technology 30 ETF (513160) rose by 1.3%, with a trading volume exceeding 50 million yuan, and notable gains in constituent stocks such as InnoCare Pharma (over 6%) and Kingsoft Cloud (over 4%) [1] - The Hong Kong Technology 30 ETF closely tracks the Hang Seng Hong Kong Stock Connect China Technology Index, which includes mainland companies engaged in technology business and listed in Hong Kong [1] Group 2 - Nvidia reported third-quarter revenue of $57.01 billion, exceeding market expectations of $54.92 billion, with a net profit of $31.91 billion, a year-on-year increase of 65% [1] - Nvidia's data center business, its most important segment, generated $51.2 billion in revenue, significantly surpassing analyst predictions of $49.09 billion, with a year-on-year growth of 66% [1] - The "computing" (GPU) business contributed $43 billion in revenue, while the networking business contributed $8.2 billion [1] Group 3 - CITIC Securities predicts that the Hong Kong stock market will experience a second round of valuation recovery and performance revival by 2026, driven by a rebound in fundamentals and significant valuation discounts [2] - The report suggests focusing on the technology sector, including AI-related sub-sectors and consumer electronics [2] Group 4 - Dongwu Securities indicates that the Hong Kong stock market is likely to experience short-term fluctuations, with a potential slowdown in upward momentum [3] - However, from a medium to long-term perspective, the current position is considered attractive for investment [3]