Expected NVIDIA The data came and BTC price He took a break for his decline below 107,000 dollars. However, it is not far from $ 106,800 support. So what do NVIDIA data tell us? Will this data be enough for crypto money markets?
NVIDIA earnings report
Trump Since the management continues to suppress chip restrictions, the tension with China is expected to increase more in the coming hours. Although the Geneva agreement is surprisingly fast, Trump’s provocation continues, and China is not likely to take it from the bottom. For this reason BTC He had fell to the support of 106,800 dollars. Then the NVIDIA earning report came.
Following the report, the company’s share price increased by 3.5 %with closing. The profit per share is over expectation. Revenue 43.29 billion dollars, despite the expectation of 44.1 came. The corrected gross profit margin decreased from 71 %to 61 %, while data center revenues remained $ 120 million below the expectation of $ 39.22 billion.
The second quarter estimate reflects the loss of sales of $ 8 billion against China. The report mentions that the global demand for the AI infrastructure is incredibly strong, while the Blackwell NVL72 AI SuperComputer is given the good news that full -scale production has begun. At least for now, China’s concerns about the harsh response is balanced by NVIDIA data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
