Nvidia Q2 revenue beats expectations in record-setting boost to AI sector

 The company expects next quarter to be even better with improvement projected across nearly every vertical. 

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Bubble or Rocket? Nvidias Q2 earnings could set tone for AI industry

Some analysts are calling this the biggest event of the year for the US economy.

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Analysts come unglued ahead of Nvidia earnings call $10 trillion within 5 years

The September 28 earnings report is being called the most important event of the year for the stock market.

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Analysts come unglued ahead of Nvidia earnings call $10T within 5 years

The Sept. 28 earnings report is being called the most important event of the year for the stock market.

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Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies

Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.

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Coinbases $1.45 billion Q2 revenue exceeds estimates despite decline in transaction revenue

Coinbase reported total revenue of $1.449 billion for the second quarter, beating the market consensus estimate of $1.396 billion. Its total income for the same period last year was $674.1 million. Meanwhile, the exchange’s net income for the period was $36 million, compared to a net loss of $97 million in 2023. EPS for the […]

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Elon Musk accepts challenge to fight president of Venezuela

After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.

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MicroStrategy faces scrutiny over cash flow and Bitcoin holdings ahead of Q2 earning

MicroStrategy, a prominent Bitcoin holder, faces scrutiny regarding its cash flows ahead of its earnings report. On July 31, Michael Saylor, a prominent Bitcoin advocate, announced that the company would release its earnings on Aug. 1 after market close and host a live webinar to discuss the results. Cash flow concerns Bloomberg reported that MicroStrategy’s […]

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Galaxy Digital posts $177 Million net loss in Q2 amid market turbulence

Galaxy Digital reported a net loss of $177 million for the second quarter, compared to a net profit of $1.6 million during the same period last year. Meanwhile, the firm’s net revenue for the second quarter stood at $53.7 million, down from $108.7 million in the same quarter last year. The firm largely attributed the […]

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MicroStrategy stock surges over 4% despite Q2 net loss as Bitcoin holdings hit 226,500

MicroStrategy posted a net loss of $123 million for the second quarter, an improvement from the $137 million loss in the previous quarter. The company narrowed its quarterly losses on the back of lower impairment losses and a strategic increase in Bitcoin holdings, which now total 226,500 BTC. Following the earnings announcement, MicroStrategy’s stock climbed […]

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Riot Platforms posts $84.4 million loss in Q2 amid 52% decline in Bitcoin production

Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect […]

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Robinhood (HOOD) to Release Q2 2024 Earnings on August 7

Robinhood Markets, Inc. (NASDAQ: HOOD) will announce its Q2 2024 financial results on August 7, 2024, with an earnings call scheduled for the same day. (Read More)

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Bitcoin price closes in on all-time high as political and TradFi tone and tenor shift

BTC price rallied as an improved regulatory outlook in the US and a series of improvements in the Bitcoin ecosystem altered investor expectations.

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3 reasons why Bitcoin (BTC) price is down today

Strong macroeconomic data, fear of an artificial intelligence bubble and an ongoing court case could be factors in Bitcoins multiday correction.

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Riot Platforms (RIOT) Schedules Q2 2024 Earnings Call for July 31

Riot Platforms, Inc. announces its Q2 2024 earnings call, set for July 31, 2024. The call will discuss the company's financial results for the quarter. (Read More)

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Marathon Digital Holdings (MARA) Schedules Q2 2024 Financial Results Call

Marathon Digital Holdings (MARA) will host a webcast and conference call on August 1, 2024, to discuss its Q2 financial results. Shareholders can submit questions in advance. (Read More)

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Diverging Fortunes: Nvidia Propels S&P 500 While Smaller Companies Struggle

The S&P 500 is soaring to new heights, largely propelled by one company: Nvidia. In contrast, smaller and less prominent companies are struggling, with their values significantly below previous highs. The Russell 2000 index, representing smaller companies, has dropped 17% from its peak in November 2021 and has shown no progress this year. Within the [...]

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Robinhood crypto trading volume up 224% YoY to $36 billion in Q1

Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year. The firm also reported record net revenues of $618 million, up 40% year over year. The total revenues included $329 million derived from transaction revenues, which included revenue generated from its crypto business […]

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Bitcoin mining revenue hits post-halving yearly low

Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

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Cryptocurrency funds surged to $2 billion in the past week, boosting total earnings to $5.5 billion in just three weeks

According to recent data, cryptocurrency funds saw an additional $2 billion in weekly inflows, bringing the total to $5.5 billion in just three weeks. This surge in investments indicates a growing interest in digital assets and the potential for significant returns in the market. The cryptocurrency market has been on a bullish trend, with Bitcoin [...]

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