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COINTURK NEWS > Crypto AI > NVIDIA’s Earnings Boosts BTC Prices, Igniting Market Enthusiasm
Crypto AI

NVIDIA’s Earnings Boosts BTC Prices, Igniting Market Enthusiasm

In Brief

  • NVIDIA's earnings report exceeded expectations, positively impacting BTC prices.

  • Strong demand in AI continues to drive revenue growth for NVIDIA.

  • The market anticipates BTC to recover swiftly to 85,000 dollars.

Ömer Ergin
Ömer Ergin 2 months ago
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BTC prices saw a slight increase following NVIDIA’s earnings report released just minutes ago. The company’s earnings surpassed expectations, providing supportive news for risk markets in the wake of ongoing balloon discussions following the DeepSeek incident.

Contents
NVIDIA Earnings ReportContinued Strong Demand

NVIDIA Earnings Report

The expected earnings per share (EPS) for the company’s stocks was 0.84, while the actual EPS reported was 0.89. The company’s revenue came in at 39.3 billion dollars, exceeding the expectation of 38.25 billion dollars. The latest quarterly data presents a largely optimistic picture, bolstered by the better-than-expected figures despite the earlier mentioned DeepSeek event.

Continued Strong Demand

Data center revenue reached 35.6 billion dollars against a forecast of 34.09 billion dollars, indicating sustained strong demand in the artificial intelligence sector. The revenue expectation for the first quarter stands at 42.3 billion dollars, which is also positive. The Blackwell architecture generated 11 billion dollars in revenue. However, gaming revenue weakened, coming in at 2.5 billion dollars against an expectation of 3.02 billion dollars, showing it does not possess as robust a stance as the AI sector. The profit margin aligned with expectations, yet the forecast for the first quarter was revised downwards, now estimated to be between 70.5% and 71.5%, reflecting a 0.6 point drop.

BTC has increased slightly, and the favorable data bodes well for the coming days. Had the figures fallen short of expectations, we might have witnessed a new movement toward 80,000 dollars. A swift recovery to 85,000 dollars is essential, with a reactive upward trend needing to commence.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 27 February, 2025 - 12:35 am 27 February, 2025 - 12:35 am
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