The post Stocks slip on disappointing Nvidia results, Bitcoin defies the trend appeared on BitcoinEthereumNews.com.

Nvidia just delivered yet another one of the most anticipated earnings reports of the year, and the numbers are wild. Third-quarter revenue hit $35.08 billion — a 94% jump from last year. Net income soared an even crazier 109%, landing at $19.3 billion. Wall Street’s verdict? “Meh.” Nvidia shares dropped 2.5% in after-hours trading, proving once again that it’s never enough for investors. The company’s next-gen Blackwell chip is expected to be a hit, with demand projected to outpace supply well into fiscal 2026. But nobody cares if the growth isn’t mind-blowing anymore. Meanwhile, Bitcoin is out here doing its own thing, brushing off market chaos like it doesn’t exist. The cryptocurrency is closing in on $100,000, hitting a record $97,862 as of press time. While Nvidia faces the wrath of investors and their impossible expectations, Bitcoin is stealing headlines, riding the wave of Trump-fueled optimism and bullish bets from big-name players. Nvidia crushes earnings, but growth slows First, the facts. Nvidia’s third-quarter results smashed analyst expectations. Revenue was projected at $33.16 billion, but the company blew past that. On top of that, Nvidia predicts fourth-quarter revenue of $37.5 billion, exceeding Wall Street’s estimate of $37.08 billion. Sounds like a win, right? Not for Wall Street. Here’s the problem: Nvidia’s growth isn’t as insane as it used to be. For context, revenue soared 122% last quarter, and before that? 262% and 265%. Now, at 94%, it’s just not massive enough. Wall Street is a cruel game. When you’re used to sprinting, even a power walk looks slow. “They don’t just have to beat analyst estimates; they got to beat them by 10%,” said NYU Stern finance professor Aswath Damodaran. Nvidia’s dazzling numbers just aren’t dazzling enough for a market addicted to its previous pace. The disappointment hit hard in Asia,…

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Filed under: News - @ November 21, 2024 6:16 am