Shares of Nvidia Slip Following Strong Earnings; Cryptocurrencies Show Minimal Movement

Nvidia (NVDA) reported stronger-than-expected Q2 revenue of $46.7 billion, up 56% year-over-year, highlighting its pivotal role in the AI boom as demand for high-performance chips remains robust.

Despite the positive results, Nvidia shares fell 1.7% in after-hours trading, partly due to slightly softer-than-expected data center revenue of $41.1 billion versus analyst estimates of $41.29 billion.

Cryptocurrencies showed minimal reaction. AI-linked tokens like Internet Computer (ICP $5.12), NEAR Protocol, and Bittensor (TAO $334.82) traded near prior levels, while Bitcoin (BTC $112,905), Ether (ETH), and XRP ($2.995) briefly dipped but quickly recovered, ending largely unchanged.

Analysts are closely watching Nvidia’s commentary for insights on chip demand from hyperscalers such as Microsoft, Meta, and Amazon, as well as updates on advanced chip development for China, where U.S. export restrictions pose challenges.

Nvidia is set to host its earnings call at 5 p.m. ET, where executives will take questions from analysts.