After the market closed on November 20, local time, NVIDIA announced its third-quarter financial report. In the third quarter, NVIDIA's sales were approximately US$37.5 billion, a year-on-year increase of 94%. The company forecasts further year-over-year growth of approximately 70% in the fourth quarter, down from the 265% annual growth rate in the same period last year. In a previous earnings call, Huang Jen-Hsun expressed confidence in the tariffs that the Trump administration may impose: "Of course we will support whatever decision the new administration makes."