Nvidia(US:NVDA) 中国基金报·2025-08-28 16:20Core Viewpoint - The offshore RMB exchange rate surged approximately 300 points, reaching 7.1173, marking the first time since November 6, 2024, that it broke the 7.12 level, indicating a stronger appreciation of the RMB compared to the depreciation of the USD [4]. Group 1: RMB Exchange Rate Performance - The offshore RMB exchange rate rose significantly, with a peak of 7.1173, reflecting a notable appreciation against the USD [4]. - The RMB's appreciation occurred despite the USD not further declining, suggesting a robust demand for RMB assets [8]. Group 2: Market Reactions - The FTSE China A50 index futures rose by approximately 0.3%, indicating positive sentiment towards Chinese assets [6]. - The Hang Seng Tech Index futures increased by over 1%, further reflecting investor confidence in the technology sector [9]. Group 3: U.S. Market Overview - U.S. stock indices showed mixed results, with the Dow Jones slightly down, while the Nasdaq gained about 0.3% [11]. - Nvidia's stock fell over 1%, despite reporting a 56% revenue growth in its latest quarterly earnings, highlighting some concerns regarding its data center business revenue [12][15]. Group 4: Nvidia's Earnings and Market Outlook - Nvidia's revenue guidance for the upcoming quarter is set at $54 billion, slightly above analyst expectations, but does not include potential sales from China, which could enhance revenue if agreements are reached [15]. - Analysts have become more bullish on Nvidia's stock following the earnings report, with several firms raising their price targets, indicating a positive outlook for the company [15].