Hello everyone! Today we have two major financial updates to share with you. First up is the latest earnings report from tech giant NVIDIA.
In the third quarter, NVIDIA delivered impressive results: total revenue hit $35.1 billion, marking a 93.7% increase year-over-year and surpassing market expectations of $33.25 billion. The data center segment alone contributed $30.8 billion in sales, beating forecasts. Net income soared to an astonishing $19.31 billion, growing by 109%, while adjusted EPS also exceeded analysts' predictions.
However, looking ahead to the fourth quarter, although the company projects revenues at $37.5 billion, which is higher than the average estimate, it falls short of the most optimistic forecast of $41 billion. Additionally, CEO Jensen Huang indicated that their next-generation GPU, the Blackwell series, will face prolonged supply constraints, potentially affecting stock performance in the coming months.
Now onto some exciting news – Taiwan's leading mobile payment platform, LINE Pay, is gearing up for its transition from over-the-counter (OTC) trading to a listed company, and has just launched its initial public offering (IPO) subscription process. A total of 1,748 shares are being offered, each priced at NT$508. Based on current market prices, if you manage to win the lottery, a single share could potentially yield profits of around NT$84,000!
With increasing demand for non-cash transactions and backed by a substantial user base, LINE Pay not only turned profitable but also achieved a record-high return on equity (ROE) of 11.3% in Q3 this year. This makes it a compelling opportunity for investors to consider.
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