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Nvidia Tops Q4 Estimates, Q1 Revenue Outlook of $43B Modestly Ahead of Consensus
Bitcoin remains sharply lower on Wednesday, with AI-Related Tokens Continuing to Outperform
Updated Feb 26, 2025, 9:35 p.m. Published Feb 26, 2025, 9:29 p.m.
What to know:
Nvidia (NVDA) surprised few, reporting fourth quarter EPS of $0.89 against estimates of $0.84. Revenue of $39.33 billion topped forecasts for $38B.
The first quarter revenue outlook of $43 billion came against Street consensus for $42.3 billion. The first quarter gross margin outlook of 71% is likely a modest disappointment. It's down from 73% in the just-reported fourth quarter and 76% a year before that.
Shares are bouncing around, but currently little-changed in after hours action. Management's post-earnings conference call begins at 5 pm ET.
A check on crypto finds bitcoin (BTC) still lower by nearly 5% over the past 24 hours at $84,300. AI-related tokens were outperformers today and continue to sport modest gains over the past 24 hours.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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