Nvidia (NVDA) reported Q2 revenue of $46.7 billion, a 56% increase year-over-year, underscoring its pivotal role in the AI boom as demand for high-performance processors remains strong.
Despite exceeding expectations, Nvidia shares fell 1.7% in after-hours trading, driven in part by slightly softer-than-expected data center revenue of $41.1 billion, compared with analyst estimates of $41.29 billion.
Cryptocurrencies showed little reaction. AI-linked tokens such as Internet Computer (ICP $5.12), NEAR Protocol, and Bittensor (TAO $334.82) traded near previous levels, while Bitcoin (BTC $112,905), Ether (ETH), and XRP ($2.995) briefly dipped but quickly recovered, ending roughly unchanged.
Investors are monitoring Nvidia’s guidance for signs of chip demand from hyperscalers like Microsoft, Meta, and Amazon, as well as updates on advanced chip development for China, where U.S. export restrictions apply.
Nvidia will hold its earnings call at 5 p.m. ET, where executives will answer analyst questions.
