Global Daily: The Show Goes On

Global financial capitalism breathed an audible sigh of relief this morning as NVIDIA’s Q3 earnings beat expectations. Revenue in the three months to October was $57bn, up 62% on the prior year. Forecasts for the current quarter of $65bn exceeded the $62bn consensus estimate of analysts, but the company disclosed that revenues from its H20 chip designed to be sold in China (in compliance with US export controls) were “insignificant” in the prior quarter, with no China revenues included in the outlook for the current quarter. NASDAQ futures are pointing higher as NVIDIA stock jumped in after hours trade.