Aoyon Ashraf
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Bitcoin at $77,500 as stocks close, with Nvidia earnings set to hit
The next big test for all of AI’s fate is about to hit the tape through Nvidia.
NVIDIA, the ‘AI king,’ is about to report its earnings in a few moments, and the market is bracing for not just stock news but also insight into where AI hype goes next. Investors will be looking not just at “did Nvidia beat estimates?” but also at “is AI spending accelerating?” The spending, which has been one of the main indicators of where AI trade is heading next, will be under intense scrutiny as investors want to know whether the multibillion-dollar spending spree by tech giants is sustainable and can grow beyond this cycle.
Here are some key points to look for in NVDA earnings:
- How is the Blackwell (NVDA’s next-generation GPU) demand doing, and what’s next (i.e., Rubin architecture)?
- How hyperscalers are spending on AI
- Is AI demand expanding beyond just training models?
- Commentaries on AI outlook
Some estimates (as reported by FactSet data):
- Adjusted EPS: $1.75
- Sales: $78.9 billion
- Data center revenue: $73.1 billion
Crypto traders will likely also keep an eye on bitcoin mining stocks that have pivoted to hosting AI computers in their data centers. Stocks such as IREN, HIVE, HUT, and CIFR are likely to move on Nvidia’s AI outlook commentaries.
