Nvidia Posts Strong Q4 Results, Q1 Revenue Forecast of $43B Marginally Exceeds Estimates

Bitcoin Slides While AI Tokens Defy the Trend Amid Nvidia’s Strong Q4

Bitcoin remains under pressure on Wednesday, while AI-related cryptocurrencies continue to outperform following Nvidia’s earnings report.

Key Market Updates:

  • Nvidia (NVDA) posted Q4 EPS of $0.89, slightly ahead of the $0.84 estimate.
  • Revenue came in at $39.33 billion, surpassing the $38 billion forecast.
  • Q1 revenue guidance of $43 billion exceeded expectations of $42.3 billion, but the gross margin outlook of 71% fell short.
  • Nvidia shares fluctuated post-market, showing little net change before the company’s 5 PM ET earnings call.

Crypto Market Reaction

Bitcoin (BTC) remains in the red, down nearly 5% over the past 24 hours, trading around $84,300. However, AI-related tokens bucked the trend, maintaining modest gains despite the broader market weakness.

  • Related Posts

    Brutero Metaverse Foundation Launches BRUTERO and District Brutero 1 (DB1) on Solana

    Brutero Metaverse Foundation Announces the Official Launch of the BRUTERO Ecosystem and District Brutero 1 (DB1) Token on Solana The Brutero Metaverse Foundation is pleased to announce the launch of…

    Continue reading
    Elon Musk’s SpaceX IPO Is Wildly Oversubscribed, Yet Crypto Traders Stay Guarded

    The SPCX perpetual contract is still trading above SpaceX’s $135 IPO price, but it has fallen sharply from its May highs as traders scale back expectations for a strong first-day…

    Continue reading