ChainCatcher News, according to market sources, Nvidia (NVDA.O) reported revenue of $46.7 billion for Q2 of fiscal year 2026, while the market expectation was $46 billion. In addition, the company also approved an additional $60 billion stock buyback. Nvidia gave a flat outlook for Q3 revenue at $54 billion, with a possible fluctuation of 2%, while the market expectation was $53.46 billion. This has raised concerns in the market about a slowdown in the rapid growth of spending in the artificial intelligence sector.
After the financial report was released, Nvidia's stock price once fell by 5% in after-hours trading and is now down 3.14%. This situation is common on "Nvidia earnings night," where market participants usually speculate based on earnings expectations, leading to stock price increases before and during the session. After the earnings are released, if the results fall short of expectations, the stock price drops; if they slightly exceed expectations, it is seen as "good news realized," which also leads to a decline in the stock price.
Affected by Nvidia's stock price drop, Bitcoin fell 1.25%, briefly dropping below $111,000, and is now reported at $111,405. ETH once fell to $4,482 and is now reported at $4,513, showing slightly weaker performance compared to Bitcoin.