The strongest high school student in the crypto world, 0xRay, has提前布局NVIDIA, with a paper profit of tens of millions of TWD

NVIDIA’s latest earnings report shows a net profit doubling to $43 billion in the fourth quarter, with overall performance surpassing market expectations. One day before the earnings release, Taiwan trader 0xRay, known as “the strongest high school student in crypto,” opened a long position on NVIDIA mapping contracts worth up to $16.56575 million (about NT$510 million) on the decentralized perpetual contract exchange Hyperliquid, with 6x leverage.

NVIDIA Q4 Earnings: Data Center Business and AI Infrastructure Deployment

The core highlight of NVIDIA’s Q4 report is its data center business, which saw revenue grow significantly by 75% year-over-year to $62.3 billion, driving the entire quarter’s performance to exceed market expectations, with a healthy gross margin of around 75%.

After hours, the stock price initially rose 4%, but as the earnings call progressed, it retreated back near flat levels. CFO Colette Kress mentioned that Chinese competitors are making progress, and management did not provide further updates on the previous revenue outlook of $500 billion for Blackwell and Rubin chips, which became a main factor weighing on the stock.

CEO Jensen Huang reiterated his stance at the Davos forum, emphasizing that AI is still in the early stages of the largest infrastructure expansion in human history. He stated that trillions of dollars will need to be invested in energy, chips, and data centers to counter market concerns about an AI bubble. NVIDIA has already committed to inventory and capacity totaling $95.2 billion, nearly double that of the same period last year.

0xRay’s NVIDIA Long Position: Complete On-Chain Data Analysis

(Source: HypurrScan)

According to HypurrScan data from the morning of February 26, details of 0xRay’s NVIDIA contract position on Hyperliquid are as follows:

Total account value: $7,397,471

NVIDIA long position value: $16,558,75,000 (about NT$510 million)

Leverage: 6x (independent margin mode)

Position size: 84,800 units

Average entry price: $190.13

Liquidation price: $138.24

Contract price at the time of writing: $195.29

Unrealized profit: $437,812 (about NT$13.42 million)

It’s worth noting that 0xRay is not the Taiwanese high school student Ray who streams in the US; they are different individuals. Additionally, the “mapping contracts” on Hyperliquid are synthetic equity perpetual contracts (Equity Perpetuals), which track US stock prices via blockchain oracles. Holders do not actually own NVIDIA shares, nor do they have voting rights or dividends; all profits and losses are settled in USDC stablecoin, supporting 24/7 trading. Besides NVIDIA positions, 0xRay previously held a mapping long position on Micron (xyz:MU), but has now fully exited.

Frequently Asked Questions

Who is 0xRay? Why is he so popular in Taiwan’s crypto community?

0xRay is a Taiwanese cryptocurrency trader born after 2000. Due to his young age but large trading volume, he has earned the nickname “the strongest high school student” in Taiwan’s crypto circles. His trading style involves using decentralized perpetual contracts like Hyperliquid to establish large leveraged positions, with publicly trackable on-chain data making his operations widely watched.

How do Hyperliquid’s NVIDIA mapping contracts differ from directly buying NVIDIA stock?

Hyperliquid’s mapping contracts are synthetic derivatives that track NVIDIA’s stock price via oracles. Holders do not actually own NVIDIA shares, have no shareholder rights, and do not receive dividends. All trading is settled in USDC, supporting 24/7 continuous trading, and uses a perpetual contract funding rate mechanism. Using leverage means that if the market moves against the position to the liquidation price (which is $138.24), the position will be forcibly liquidated.

Does NVIDIA’s earnings report affect 0xRay’s position directly?

After-hours, NVIDIA’s stock price fluctuated but ultimately stabilized near flat. During the rise from an average entry of $190.13 to $195.29, 0xRay’s long position showed an unrealized profit of about $430,000. With a liquidation price of $138.24, there’s still roughly 29% buffer before liquidation. However, the use of 6x leverage means that if the stock price drops sharply, risk management becomes critically important.