- NVIDIA posted second-quarter revenue of $46.7 billion, up 56% from a year ago.
- The chipmaker’s results highlight ongoing high demand for its processors amid the Artificial Intelligence boom.
- Company shares fell 1.7% after hours, partly due to slightly lower-than-expected data center revenue.
- AI-related tokens, including Internet Computer, Near Protocol, and Bittensor, showed minimal market movement in response.
- Leading cryptocurrencies like Bitcoin, ether, and XRP briefly dipped but quickly recovered after the results.
Nvidia reported its second-quarter earnings on Wednesday, with revenue reaching $46.7 billion, a 56% increase compared to the same period last year. The company continues to play a key role in the growth of artificial intelligence as demand for its high-performance chips remains strong.
Despite the positive results, Nvidia shares dropped 1.7% in after-hours trading. The company’s data center revenue came in at $41.1 billion, just under analyst expectations of $41.29 billion.
Cryptocurrency tokens linked to artificial intelligence, such as Internet Computer (ICP), NEAR Protocol, and Bittensor (TAO), experienced little change in price following the release. Other major cryptocurrencies including Bitcoin (BTC), ether (Ethereum/”>ETH), and XRP (XRP) briefly declined but quickly returned to prior levels.
Investors are focusing on Nvidia’s comments for updates about orders from large cloud service providers such as Microsoft, Meta, and Amazon. Analysts are also monitoring developments regarding the company’s efforts to produce more advanced chips for the Chinese market, where U.S. export restrictions complicate sales.
Nvidia is scheduled to hold its earnings call at 5 p.m. Eastern Time, where company executives will answer questions from analysts.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- ESET Discovers PromptLock: First AI-Powered Ransomware Emerges
- XRP Buy Now Signals Surge as CME Futures Hit $1B Ahead of SEC Call
- US Treasury Sanctions Russian Aiding DPRK Fraud and Crypto Schemes
- Commerce Secretary Proposes Putting U.S. GDP Statistics on Blockchain
- Google Confirms Python-Powered Layer-1 Blockchain for Institutions
