NVIDIA's Q2 revenue exceeded expectations, dropping 5% in after-hours trading, while Bitcoin fell 1.25%, briefly dropping below $111,000

ChainCatcher news, according to market news, Nvidia (NVDA.O) recorded revenue of $46.7 billion for Q2 of fiscal year 2026, with market expectations at $46 billion. In addition, the company also approved an additional $60 billion stock buyback. Nvidia provided a lackluster outlook for Q3 revenue at $54 billion, with a fluctuation of 2%, while the market expectation was $53.46 billion, raising concerns about the slowdown in massive spending in the artificial intelligence sector.

After the earnings report was released, Nvidia's stock initially fell by 5% in after-hours trading and is currently down 3.14%. This situation is a common occurrence on "Nvidia earnings night," where market participants typically speculate based on earnings expectations, leading to pre-market and intraday price increases. If the earnings report falls short of expectations, it results in a decline, while a slight beat is seen as "profit-taking," also leading to a drop in stock price.

Affected by Nvidia's stock price decline, Bitcoin fell by 1.25%, briefly dropping below $111,000, and is currently reported at $111,405. ETH once dropped to $4,482 and is now reported at $4,513, showing slightly weaker performance compared to Bitcoin.