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$NVIDIA(NVDA.US)$ stock fell 1.8% ahead of the release of quarterly earnings from the artificial inte...

$NVIDIA(NVDA.US)$ is releasing its Q3 FY24 earnings on November 21 after the bell.
How will the market react to the company's quarterly results? Vote your answer to participate!
Rewards
● An equal share of 10,000 points: For mooers who correctly guess the price range of $NVIDIA(NVDA.US)$'s opening price at 9:30 AM ET on November 22 (e.g., If 50 mooers make a correct guess, they will get 200 points each!)
(Vote wil...

What's the first word that comes to mind when you think of Nvidia?
GPU? Jensen Huang (and his leather jacket)? Or Metaverse? Intel\AMD?
$NVIDIA(NVDA.US)$ , one of the most closely watched darlings in the stock market, rose 125% last year on huge chip demand.
However, the entire market was spooked by the rate hikes this year, with the high-flying tech sector taking the biggest hit. The $Nasdaq Composite Index(.IXIC.US)$ is stuck in a correction, with Nvidia down nearly 30% from its all-time high in November.
Interestingly, Nvidia surged 9.18% before the earnings release date.
Is a good time to follow Nvidia? You may have more clues on this question after its Q4 earnings report, which will be published after the market close on Wednesday.
Recap: Nvidia's Q3 Earnings Surprise
Nvidia reported Q3 revenue of $7.103 billion, up 50.3% year-over-year, marking the sixth consecutive quarterly record high.
Non-GAAP net profit of 2.973 billion US dollars, a year-on-year increase of 62.1%, a record high for sixth consecutive quarters.
Company's Q4 Guidance
Q4 revenue is expected to be $7.4 billion, up 48% year over year.
How to read a company's earnings report?
Core business: growth, growth, growth
New business: potential. Does it have any new initiatives? Is it an industry with great potential or an upward trend?
Core business is the foundation of a company's present while new initiatives may imply a company's future potential and possibility.
Most investors' first impression of Nvidia is that of a gaming graphics chip company (GPU). However, AI data centers are also where Nvidia's real value lies, which are empowering the future meta universe.
Data center revenue in Q3 was 2.936 billion, up 54.5% yoy (game business revenue of $3.221 billion in Q3, up 41.8% yoy), eight consecutive quarters of record highs. It accounted for 41.3% of Nvidia's Q3 total revenue.
Some analysts said broad market pressures could still weigh on short-term results, but limited long-term impact given its leadership in data centers and AI cloud.
Share your opinions on Nivida. Is now a good time for Nvidia investors? 10 insightful mooers will be selected and awarded with 88 points.
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