Nvidia Posts $57B Record Revenue Pushing Bitcoin Above $91K

Company Performance - Nvidia reported fiscal third-quarter revenue of $57.01 billion, exceeding Wall Street estimates by nearly $2 billion [1][2] - The company achieved earnings per share of $1.30, surpassing the expected $1.26 [2] - The data center business, crucial for AI applications, generated $51.2 billion, showing significant growth compared to previous periods [2] Future Outlook - Nvidia's CEO Jensen Huang indicated strong ongoing demand for the Blackwell chip architecture and cloud GPUs, with products remaining sold out [3] - The company projected fiscal fourth-quarter revenue of $65 billion, exceeding analyst forecasts of $62 billion [3] Competitive Advantage - CFO Colette Kress highlighted that CUDA-powered accelerators are enhancing hardware lifespans and customer value, reinforcing Nvidia's competitive position in AI infrastructure [4] Market Position - Nvidia's market value has surpassed $5 trillion, solidifying its status as the world's most valuable company [5] - The stock has increased by 37% year-to-date and 25% over the last 12 months, with shares rising 5% following the earnings report [5] Cryptocurrency Market Reaction - Bitcoin rebounded above $91,000 after dipping below $89,000, indicating some investors view current prices as entry opportunities [6] - Major investors have shown caution towards AI stocks, with notable exits from Nvidia and SoftBank selling shares [6] Regulatory Concerns - Regulators have raised alarms about systemic risks associated with widespread AI use, with the Bank of England and IMF citing potential bubble risks [7] - A Bank of America survey revealed that 45% of fund managers consider an AI bubble the most significant market threat [7]