Nvidia(US:NVDA) Ge Long Hui·2025-11-20 12:32Market Overview - US stock index futures are collectively rising, with Nasdaq futures up 1.54%, S&P 500 futures up 1.1%, and Dow futures up 0.53% [1] - Major European indices are also up, with Germany's DAX index rising 0.66%, UK's FTSE 100 index up 0.46%, France's CAC index up 0.6%, and the Euro Stoxx 50 index up 0.73% [1] Key Events in US Market - The US will release September adjusted non-farm payrolls, unemployment rate, and initial jobless claims for the week ending November 15 at 21:30 [2] - The Federal Reserve's October FOMC meeting minutes indicate increased uncertainty due to data gaps, with December rate cut expectations rapidly cooling [2] - White House officials are reportedly urging Congress to reject a bill that would limit Nvidia's export of AI chips [2] - Barclays has raised its year-end target for the S&P 500 index to 6600 points, with a target of 7400 points for the end of next year [2] - Muddy Waters Capital's CEO stated that now is not the time to short large US tech companies [2] - Morgan Stanley predicts that AI shopping agents will drive e-commerce transformation, potentially generating an additional $115 billion in consumer spending [2] Company-Specific Updates - Nvidia's Q3 earnings report exceeded expectations, with revenue reaching a record $57.01 billion, and CEO Jensen Huang noted that Blackwell sales are outstanding [2] - Due to rising memory costs, Nvidia and AMD are reportedly considering halting the production of mid-range gaming graphics cards [2] - Cathie Wood has made significant purchases in cryptocurrency-related stocks, totaling over $10 million [2] - IBM and Cisco announced plans to build a large-scale, fault-tolerant quantum computing network [2] - Applied Materials responded to rumors of "suspending supply to China," stating that it expects no significant changes in business before 2026 [2] - DHL Express has signed a three-year sustainable aviation fuel procurement agreement with Phillips 66 [2] - Walmart's Q3 revenue grew by 5.8% year-on-year to $179.5 billion, with adjusted EPS of $0.62, both exceeding expectations [2] - Palo Alto Networks reported Q1 revenue growth of 16% year-on-year to $2.47 billion, although platform progress has slowed [2] - NetEase's Q3 revenue was 28.36 billion yuan, with adjusted ADS earnings of 14.73 yuan, both below expectations [2]