Quotes
Short term, [crypto] markets are in a pretty fragile state, and part of that has to do with the macro environment,
said David Duong, head of institutional research at Coinbase
Macro factors will continue to be the biggest driver of digital asset price performance over the short-term,
said H.C. Wainwright analyst Mike Colonnese told CNBCThere will be an opportunity for bitcoin to shine if we see any intensified stress in global markets,
he saidThe market is disappointed with that,
said James Butterfill, head of research at asset manager CoinShares
The initial excitement surrounding the Trump administration’s perceived pro-crypto stance appears to be in a phase of recalibration,
said Gabe Selby, Head of Research at CF Benchmarks, a digital asset index providerThat's increasing all this market uncertainty, which is absolutely not helping bitcoin at all. Until we get (clarity on a bitcoin reserve), I can't see prices recovering significantly,
said ButterfillIt seems that the market has become volatile in reaction to the Bybit incident,
Jeff Mei, chief operating officer at crypto exchange BTSE said in a statement sent to CNBC,Given the macro environment, it’s not surprising to see we are where we are,
the report quoted Stefan von Haenisch, director of over-the-counter trading in APAC at crypto custody firm Bitgo, as saying
As the industry becomes more institutionalized, it should be safer,
Kendrick said
It's clear that tides are shifting, not just within global equity markets but within the likes of commodities and crypto as well,
Harvey saidWe could be in for a return to the mid to low $70,000 range,
Wolfe analyst Read Harvey said in a note WednesdayWe reiterate our Buy rating on NVDA as the company remains in a dominant position of leading the AI market towards compute-intensive inference, agentic applications, and physical AI/robotics,
said analyst Vivek AryaDemand for Blackwell is very strong and will continue to outstrip supply for several quarters. We believe the team did a good job on addressing AI model innovations like DeepSeek and they continue to believe that there are multiple phases/ and innovations in models that will drive overall compute complexity higher and sustain the demand for more and higher performance compute infrastructure,
said analyst Harlan Sur
From a top line perspective numbers came in a bit lighter than what we thought for April, but this was always the biggest quarter of risk in our eyes,
analyst Tom O'Malley wroteWe continue to view NVDA as a top pick post a JanQ 5% EPS beat and AprQ 1% outlook raise with bullish comments on Blackwell ramp and demand outlook. Importantly, Blackwell revs of $11bn in the JanQ were well above expectations, and mgmt. made the case for excellent visibility in CY25. Lower GMs were the fly in the ointment, but the company expects them to bounce back to mid-70% range by EoY,
analyst Mark Lipacis wroteBlackwell sales of $11B exceeded expectations (Citi $10B) as ramp seems to be on track now after hiccups last year and Nvidia expects strong growth in 2025. Inference demand is accelerating post reasoning models like DeepSeek as long reasoning requires 100x more compute per task vs one shot inference. Gross margin outlook was 170/80 bps below Citi/Street on initial Blackwell mix but expected to exit mid 70's late FY,
wrote analyst Atif MalikIt's telling that Nvidia's latest set of results beat earnings expectations for the ninth quarter in a row and failed to win over the market,
said Dan Coatsworth, investment analyst at AJ Bell
The prospect of being able run AI services more cheaply, together with growing uncertainties around the economic outlook, mean companies will be paying more attention to tech-related spending,
Coatsworth saidThe muted response is a balance of strong revenue and lower gross margins,
said Gil Luria, analyst at D.A. DavidsonWe're going to be signing an agreement which will be a very big agreement, that'll be on rare earth and other things."
Referring to the trip as "confirmed," Trump said during his first Cabinet meeting