According to ChainCatcher news, Nvidia (NVDA.O) reported Q2 revenue of $46.7 billion for the fiscal year 2026, with the market expectation at $46 billion. In addition, the company also approved an additional $60 billion stock buyback. Nvidia provided a modest outlook for Q3 revenue of $54 billion, with a 2% fluctuation, while the market expectation was $53.46 billion, raising concerns about a slowdown in the growth of massive spending in the artificial intelligence sector.
After the earnings report was released, Nvidia's stock dropped 5% in after-hours trading, now down 3.14%. This situation is common during 'Nvidia Earnings Night', where market participants typically speculate based on earnings expectations, leading to a rise in stock prices before and during trading. If the actual earnings fall short of expectations, it results in a decline; if they slightly exceed expectations, it is seen as 'good news being priced in', which also leads to a drop in stock prices.
Affected by Nvidia's stock decline, Bitcoin fell 1.25%, briefly dipping below $111,000, and is now reported at $111,405. ETH once dropped to $4,482 but is now reported at $4,513, showing slightly weaker performance compared to Bitcoin.
