NVIDIA's Earnings Beat Expectations
On February 26, NVIDIA released its latest earnings report, showing a year-over-year revenue growth of 73%, significantly exceeding market expectations. At 5 AM today, the company's stock price briefly surged past $200, with a gain of over 4%, before pulling back and fully retracing the day's gains.
On-Chain Traders Take Position Ahead of Earnings
Prior to the earnings release, several well-known on-chain traders on the Hyperliquid platform had already taken significant positions in NVDA (NVIDIA's mapped contract). Traders such as CBB, 0xRay, and Continue Capital had multi-million-dollar NVDA positions, with the following changes observed:
- 0xRay (X: 0xRay518): Currently the largest long position holder on-chain with a $16.53 million long position in NVDA at an average price of $190. Floating profit stands at $406,000, and the position remains unchanged.
- CBB (X: Cbb0fe): Previously the largest short seller, CBB significantly reduced their position today, cutting their short exposure from $10.5 million to $5.96 million at an average price of $188.
- Continue Capital (X: Continue_VC): The associated address holds a $10.02 million long position in NVDA at an average price of $190, with a floating profit of $250,000. No changes to the position have been made.