Nvidia shares initially fell after the company released its quarterly results on Wednesday, then surged, giving investors a roller-coaster ride. The move underscored Wall Street’s lofty expectations for its favored AI chip designer.

Nvidiaquarterly resultsartificial intelligencestock market

Nvidia expects to generate $108 billion in revenue within a few months, following a record $96.2 billion quarter. Data center revenue more than doubled year over year to $89 billion, while profits reached $59.7 billion. Consumer business growth was tempered by slower PC sales, higher prices, and component shortages.

NvidiaearningsAI chipsdata centers

Nvidia’s sales outlook beat expectations but failed to satisfy all investors, deepening worries about whether artificial-intelligence spending can maintain its momentum.

Nvidiasales outlookAI spending

Nvidia projected quarterly revenue above Wall Street expectations on Wednesday, but the forecast did little to calm investor concerns about the company’s long-term dominance of the AI chip market.

NvidiaAI chipsquarterly revenue

Nvidia, a bellwether for the technology sector, reported fiscal second-quarter results after Wednesday’s close that exceeded estimates. The company projected $108 billion in revenue for the following quarter.

Nvidiaearningsrevenue guidanceartificial intelligence

Wall Street is eagerly awaiting Nvidia’s earnings on Wednesday afternoon. Investors are focused less on the chipmaker’s figures than on what they may signal about AI investors and the broader market.

Nvidiaearningsartificial intelligencemarkets

Bitcoin’s dip below $78,000 triggered about 80,000 liquidations worth $324.4 million, with long positions accounting for roughly $270 million. After a rally fueled by Treasury developments, ETF inflows and forced short covering, the market now depends more on whether spot and ETF buyers can absorb profit-taking and sustain demand above $80,000.

BitcoincryptocurrencyliquidationsETFs

Bitcoin slipped to $79,000 on Wednesday after rising 23% over seven days, while August ETF inflows climbed above $3 billion.

BitcoinETFsCryptocurrency

Revolut has started a phased rollout of EURR, its first stablecoin pegged to the euro, to customers in Denmark, Poland and Portugal.

RevolutEURR stablecoinDenmarkPolandPortugal

Japan plans to work on a blockchain-based stock settlement system, with details expected in early 2027, Nikkei reported. If approved, the agencies could launch it within a few years and make it fully operational in the early 2030s.

Japanblockchainstock settlement

Results pointed to brisk gains in delivery and momentum in newer dining concepts, sending Haidilao stock higher despite falling sales at its main hotpot outlets.

Haidilaodeliveryrestaurant brands

Canada has announced counter-tariffs of up to 50% on nearly C$28bn of US goods, including steel, furniture, fresh tuna and cosmetics. The measures are due to begin on 8 September. Ottawa called the response “proportionate” and “strategic” and pledged C$7.5bn in support for affected businesses and workers.

CanadaUnited Statestariffstrade war

Canada has announced retaliatory tariffs on about $20 billion worth of U.S. goods. Canadian trade negotiators left the United States last week after failing to secure a deal that would have prevented President Donald Trump’s new tariffs from taking effect.

CanadaUnited Statesretaliatory tariffs

Canada announced retaliatory tariffs on C$27.6 billion ($19.94 billion) in US goods, including steel and dairy, matching the punitive duties imposed by President Donald Trump on Canadian products. Ottawa also unveiled C$7.5 billion in aid for affected Canadian businesses and workers as tensions escalated.

CanadaUnited Statesretaliatory tariffstrade war

As its trade war with the United States intensifies, Canada is retaliating against tariffs imposed on its goods in recent days by placing tariffs on US products. Ottawa has also announced a multibillion-dollar aid package for workers and urged Canadians to buy local to support domestic industries.

CanadaUnited Statesretaliatory tariffstrade war

Canadian ministers set out a series of countermeasures after the Trump administration imposed new tariffs on Canadian goods, deepening the trade war between Canada and the United States.

CanadaUnited Statesretaliatory tariffstrade war

Canada announces tariffs of up to 50% on more than 700 US goods, with the highest import taxes targeting steel and aluminum.

CanadaUnited Statestariffssteelaluminum