Bitcoin Drops Below $111K After NVIDIA Q2 Revenue Beat and $60B Buyback as AI Spending Outlook Cools

NVIDIA reported a second-quarter top-line of $46.7 billion, modestly exceeding consensus of $46 billion, and the board authorized an additional $60 billion stock repurchase. Management issued third-quarter revenue guidance of $54 billion ±2%, versus street expectations near $53.46 billion, signaling a measured outlook for continued IT capital allocation in the AI sector. The results represent a clear operational beat and a sizable capital-return initiative, underscoring the company’s focus on shareholder value amid evolving demand dynamics.

Market participants reacted with typical post-earnings volatility: NVIDIA shares slid roughly 5% in after-hours trading before settling down about 3.14%, a move that coincided with a 1.25% pullback in Bitcoin — briefly beneath $111,000 and trading near $111,405 — while Ethereum dipped to about $4,482 before recovering to $4,513. The episode reflects short-term profit-taking and correlated risk-off flows across equities and major crypto assets.