Q2

Analyst: The market is waiting for the implementation of Trump's tariffs, and a rebound in Q2 is entirely possible

ChainCatcher news, according to The Block, Presto research analyst Min Jung stated: "Currently, the market is in a wait-and-see mode as tariff details have not been disclosed. Investor sentiment is mixed; some investors believe the impact may not be as severe as initially feared and view the recent decline as a potential 'buying the dip' opportunity. However, many traders still choose to remain on the sidelines until the situation becomes clearer. The next move of the market will largely depend on the tone and content of the actual announcements."Brickken market analyst Enmanuel Cardozo stated: "Everyone expects Trump's support for cryptocurrency to have an immediate effect, but the reality is that policy implementation takes time. Global economic uncertainty has fueled a risk-averse atmosphere everywhere, and by the end of 2024, the market has already priced in the expectation of a Trump victory. However, a recovery in the second quarter 'is certainly possible,' and the Federal Reserve is widely expected to cut interest rates within the second quarter, while Trump's team will also present more concrete results in supporting cryptocurrency policies. With the increase of institutional fund flows, momentum may strengthen, and if Bitcoin breaks through the resistance level of $88,668, it may test $100,000 again, but if macro factors stagnate, the likelihood of a decline is also low."

Nvidia's stock price fell after the earnings report: Q2 revenue exceeded expectations, but Q3 gross profit is expected to be below market expectations

ChainCatcher news, NVIDIA's revenue for the second quarter reached $30 billion, a year-on-year increase of 122%, exceeding analysts' expectations of $28.86 billion. The data center revenue for the second quarter was $26.3 billion, a year-on-year increase of 154%, while analysts had expected $25.08 billion; the expected revenue for the third quarter is $32.5 billion, with a fluctuation of 2%, compared to analysts' expectations of $31.9 billion; the gaming revenue for the second quarter was $2.9 billion, a year-on-year increase of 16%, exceeding analysts' expectations of $2.79 billion; the adjusted gross profit margin for the second quarter was 75.7%, compared to 71.2% in the same period last year, while analysts expected 75.5%; the adjusted earnings per share for the second quarter was $0.68, compared to $0.27 in the same period last year, with analysts expecting $0.64; the net profit for the second quarter was $16.599 billion, a year-on-year increase of 168%, exceeding analysts' expectations of $14.64 billion; the quarterly dividend per share remains unchanged at $0.01; an additional $50 billion stock buyback plan has been approved.NVIDIA also predicts that the gross margin for the third quarter may be lower than market expectations, and the revenue is generally in line with expectations. The company's stock price fell 3% in after-hours trading, but has risen over 150% so far this year.
ChainCatcher Building the Web3 world with innovators